Animoca Brands, a web3 leader known for delivering digital property rights via blockchain to global consumers interested in the open metaverse, has launched a validator on Core blockchain.
The launch is expected to boost network security and decentralization for Animoca, as the partnership with Core blockchain, a platform that has proven transformative for the blockchain landscape with its unstoppable, open-source network, will facilitate the integration of dApps and BTC-fi -will stimulate innovation. .
The significance of Animoca brands becoming a validator
Core has already made a name for itself in the blockchain and web3 space due to its uniqueness, which lies in its ability to leverage the benefits of Bitcoin and Ethereum: it is a Bitcoin-powered layer-one blockchain for EVM-compatible smart contracts.
Becoming a validator on the Core Network would also boost Animoca’s growth. It would have Core’s stability on its side, which comes from Core’s vision to unlock more than $1.3 trillion in trapped liquidity on Bitcoin. At the same time, it could afford to leverage the decentralization properties that supporting EVM-compatible smart contracts brings.
The synergy of vision
Just as the core network focuses on BTC-fi, Animoca is committed to building on Bitcoin and fostering opportunities for the ecosystem’s builders and dapps. The alignment of the vision results in a natural synergy where Animoca can explore and leverage the scalability and security of Core to provide the ideal platform for projects looking to leverage decentralized finance on the Bitcoin network.
It is important to remember, especially in this context, that Core is the first-ever non-custodial BTC staking protocol and the world’s first yield-bearing BTC ETP with Valor. The fact that it is the most Bitcoin-aligned EVM blockchain, with nearly 50% of the hashing power of Bitcoin mining contributing to the security of the network, does not give the full picture. After all, 4,400 BTC was staked in exchange for unlocking Bitcoin utilities and rewards.
The trust, credibility and network resilience that these features equip Core have allowed it to gain almost unprecedented traction in a very short time, with a community of 2.3 million Twitter followers and 265,000 Discord members, which translates into millions of Core adopters. The network has enabled more than 19 million unique addresses and 260 million transactions since the mainnet launched in January 2023.
For Core, the inclusion of Animoca Brands as a validator, with its expertise and experience in conducting validation operations across multiple blockchains, would enhance its efforts to build the most secure, decentralized and efficient blockchain network possible.
A winner of Deloitte Tech Fast, a Fortune Crypto 40 company, one of the Top 50 Blockchain Game Companies 2024 and one of the Financial Times’ Fast Growing Companies in Asia Pacific 2023, Animoca is also one of the most active investors in Web3 . with a portfolio of more than 450 Web3 investments.
Overall, as the Core Network emerges as a top choice for developers, users and institutions in Web3 – especially in BTCFi – the partnership with Animoca will only further consolidate its position and help make progress towards a wider mass adoption.