Animoca Brands Launches Validator on Core Blockchain
Core, a Bitcoin-based Layer 1 blockchain for EVM-compatible smart contracts, announced that Animoca Brands has launched a validator on the Core Chain. According to Animoca Brands, this move underscores Animoca Brands’ belief in the potential of the Core blockchain and its commitment to supporting the security and decentralization of the Core network.
The role of the verifier
Validators are an essential component of a blockchain network. They verify and validate transactions, maintain the accuracy of the ledger, and contribute to the overall security of the network. Animoca Brands is actively participating in the governance and stability of Core by becoming a validator, emphasizing its commitment to the vision of unlocking over $1.3 trillion of liquidity locked in Bitcoin.
Collaborating to Drive BTCfi Innovation
In addition to operating validators, Animoca Brands aims to work with key contributors to integrate specific dApps into its Web3 investment portfolio. This initiative is expected to foster collaboration and innovation, leveraging the strengths of multiple projects to advance BTCfi.
Unique architecture of the core chain
Core Chain’s unique architecture, supported by the Satoshi Plus Consensus Mechanism, and its focus on BTCfi align with Animoca Brands’ commitment to building on top of Bitcoin and advancing opportunities for ecosystem 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.
The Importance of Animoca Brands as a Validator
The inclusion of Animoca Brands as a validator represents another step in Core’s efforts to build a secure, decentralized, and efficient blockchain network, leveraging their experience and expertise in operating validators across multiple blockchains.
With over 4,800 BTC in stake, Core has a BTC stake value of over $180 million. The support and collaboration of Animoca Brands is expected to accelerate Core’s development and promote mass adoption of BTCfi.
Statement from Key Leadership
Brendan Sedo, an early contributor to Core, said: “We are excited to announce our collaboration with Animoca Brands, one of the most recognized companies in the Web3 space. Animoca Brands is playing a critical role in securing the Core chain and enabling BTCFi by running validators on the Core network. This partnership marks the beginning of many future collaborations that we look forward to. We are excited about the future and are committed to making Core the most Bitcoin-friendly blockchain with Animoca Brands as a key partner on this journey.”
About the core
Core is a Bitcoin-based blockchain that unlocks EMV-compatible BTCfi, is the first to implement non-custodial BTC staking, and the world’s first yield-generating BTC ETP. Core is the most Bitcoin-compatible EVM blockchain, with approximately 55% of Bitcoin mining hash power contributing to network security and over 4,800 BTC staked natively in exchange for unlocking Bitcoin utility and rewards. This groundbreaking development has attracted millions of Core adopters. Since its mainnet launch in January 2023, it has had over 19 million unique addresses and 260 million transactions.
About Animoca Brands
A Deloitte Tech Fast award winner, Fortune Crypto 40 company, Top 50 Blockchain Gaming Companies of 2024 and Financial Times’ Asia Pacific Highest Growth Companies of 2023, Animoca Brands (ACN: 122 921 813) is a Web3 leader in building an open metaverse by leveraging blockchain to empower consumers globally with digital property rights. 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, as well as products leveraging popular intellectual properties in sports and entertainment such as The Walking Dead, Power Rangers, MotoGP™ and Formula E. It has several 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, holding over 450 Web3 investments directly or indirectly through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games and more. For more information, visit www.animocabrands.com or follow us on: X (Twitter)YouTube, Instagram, LinkedIn, Facebook, TikTok.
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