Grintafy, a Saudi Arabia-based sports-tech startup founded in 2019 by Majdi Allulu, has recently received an undisclosed investment from Chiliz, a leading SportFi company known for its Chiliz Chain and Socios.com platform. This strategic partnership aims to propel Grintafy’s transition into the Web3 space, leveraging Chiliz’s technological infrastructure and expertise.
About Grintafy
Grintafy is a football talent discovery platform catering to leading football organizations across the Middle East and Europe. With nearly 2 million users, Grintafy stands as the largest talent discovery platform in the Middle East, having formed partnerships with prestigious football leagues like La Liga and the Premier League, as well as elite academies globally.
Founders and Team
Majdi Allulu, the founder and CEO of Grintafy, leads a dedicated team committed to revolutionizing football talent discovery. Allulu’s vision aligns with Chiliz’s goal of transforming the sports industry through blockchain technology.
Backers/Investors
Grintafy has previously raised funds from Aramco’s VC arm, Wa’ed Ventures, in a $2.1 million bridge round. The recent investment from Chiliz further strengthens Grintafy’s financial backing and strategic partnerships.
Purpose of Investment
Grintafy plans to utilize the investment from Chiliz to accelerate its transition into Web3 technology. By leveraging Chiliz’s technological infrastructure and ecosystem, Grintafy aims to implement blockchain solutions for player ratings, rankings, and performance certifications, enhancing the platform’s functionality and user experience.
Industry Impact
The collaboration between Grintafy and Chiliz signifies a significant step towards the integration of blockchain technology into the sports industry. By incorporating blockchain-based solutions, Grintafy aims to revolutionize football talent discovery, providing aspiring footballers with innovative tools and technologies to enhance their career development.
Conclusion
The investment from Chiliz marks a strategic move for both Grintafy and the broader sports industry. By embracing Web3 technology, Grintafy aims to stay at the forefront of innovation in football talent discovery while contributing to the growth and internationalization of Saudi football. This partnership underscores Chiliz’s commitment to supporting local talent and fostering industry opportunities in line with Vision 2030’s tech-driven transformation goals.
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FAQs
Q1. How will Grintafy utilize blockchain technology in its platform?
Grintafy plans to leverage blockchain for various use cases such as player ratings, rankings, and performance certifications. By implementing blockchain solutions, Grintafy aims to enhance transparency, security, and efficiency in football talent discovery.
Q2. What are the benefits of the partnership between Grintafy and Chiliz for the sports industry?
The collaboration between Grintafy and Chiliz signifies a significant step towards the integration of blockchain technology into the sports industry. By incorporating blockchain-based solutions, Grintafy aims to revolutionize football talent discovery, providing aspiring footballers with innovative tools and technologies to enhance their career development.
