Animoca Brands Sets Up Validator on Core Blockchain to Enhance Security and Decentralization
Joerg Hiller Jul 11, 2024 15:57
Animoca Brands has launched a validator on the Core blockchain, aiming to boost network security and decentralization while driving BTCfi innovation.
Animoca Brands Launches Validator on Core Blockchain
Core, a Bitcoin-powered layer-one blockchain for EVM-compatible smart contracts, announced that Animoca Brands has launched a validator on the Core Chain. This move underscores Animoca Brands’ belief in Core blockchain’s potential and a commitment to supporting the Core network's security and decentralization, according to Animoca Brands.
Role of Validators
Validators are essential components of a blockchain network. They verify and validate transactions, maintain the ledger's accuracy, and contribute to the network's overall security. By becoming a validator, Animoca Brands is actively participating in the governance and stability of Core, highlighting its trust in the vision to unlock over $1.3 trillion of trapped liquidity on Bitcoin.
Collaboration to Drive BTCfi Innovation
In addition to running a validator, Animoca Brands aims to work with Core contributors to integrate certain dApps from its portfolio of Web3 investments. This initiative is expected to foster collaboration and innovation, leveraging the strengths of multiple projects to drive BTCfi forward.
Core Chain's Unique Architecture
Core Chain's unique architecture, supported by the Satoshi Plus Consensus Mechanism, and its focus on BTCfi align with Animoca Brands' commitment to build on Bitcoin and advance opportunities for the ecosystem's builders and dapps. Core offers unparalleled scalability and security, making it an ideal choice for projects looking to leverage the benefits of decentralized finance on the Bitcoin network.
Significance of Animoca Brands as a Validator
The inclusion of Animoca Brands as a validator marks another step in Core’s quest to build a secure, decentralized, and efficient blockchain network, given their experience and expertise in validator operation across multiple blockchains.
With over 4,800 BTC Staked, Core has exceeded $180M in BTC Staked Value. The support from and collaboration with Animoca Brands is expected to accelerate Core’s progress and fuel the mass adoption of BTCfi.
Statements from Core Leadership
Brendon Sedo, Initial Contributor at Core, stated, "We are thrilled to announce our collaboration with Animoca Brands, one of the most well-known companies in the Web3 space. By running a validator on the Core network, Animoca Brands is playing a crucial role in securing the Core chain and enabling BTCFi. This partnership marks the beginning of what we anticipate to be many future collaborations. We are excited about the future and remain committed to making Core the most Bitcoin-aligned blockchain, with Animoca Brands as a key partner in this journey.”
About Core
Core is a Bitcoin-powered blockchain unlocking EMV-Compatible BTCfi beginning with the first-ever implementation of Non-Custodial BTC Staking and the world’s first yield-bearing BTC ETP. Core is the most Bitcoin-aligned EVM blockchain with ~55% of Bitcoin mining hash power contributing to the network’s security and over 4,800 BTC natively staked in exchange for unlocking Bitcoin utility and rewards. This breakthrough has amassed millions of Core adopters - over 19M unique addresses and 260M transactions since its mainnet launch in January 2023.
About Animoca Brands
Animoca Brands (ACN: 122 921 813), a Deloitte Tech Fast winner, a Fortune Crypto 40 company, one of the Top 50 Blockchain Game Companies of 2024, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, SPORTPASS, PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 450 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information visit www.animocabrands.com or follow on X (Twitter), YouTube, Instagram, LinkedIn, Facebook, and TikTok.
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