Animoca Brands, a web3 leader known for delivering digital property rights through 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 collaboration with Core blockchain, a platform that has proved transformative for the blockchain landscape with its unstoppable, open-source network, will facilitate the integration of dApps and drive BTC-fi innovation.
The Significance of Animoca Brands Becoming a Validator
Core has already made its name in the blockchain and web3 space for its uniqueness, which lies in its capability 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 fuel Animoca’s growth. It would have the stability of Core on its side, which emerges from Core’s vision of unlocking over $1.3 trillion of trapped liquidity on Bitcoin. Simultaneously, it could afford to leverage the decentralization properties that the support of EVM-compatible smart contracts brings to the table.
The Synergy of Vision
Like the Core network is focused on BTC-fi, Animoca is committed to building on Bitcoin and advance opportunities for the ecosystem’s builders and dapps. The alignment of vision results in a natural synergy where Animoca can explore and utilize the scalability and security of Core to offer the ideal platform to projects that seek 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 Valour. The fact that it is the most Bitcoin-aligned EVM blockchain, with nearly 50% of Bitcoin mining hash power contributing to the network’s security, does not give the full picture. After all, it has got 4,400 BTC natively staked in exchange for unlocking Bitcoin utility and rewards.
The trust, credibility, and network resilience these features equip Core with has helped it gain nearly unprecedented traction in a very short time, with a community of 2.3M Twitter followers and 265k Discord members, translating into millions of Core adopters. The network has facilitated over 19M unique addresses and 260M transactions since its mainnet launch 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 augment its efforts to build the most secure, decentralized, and efficient blockchain network possible.
A Deloitte Tech Fast winner, a Fortune Crypto 40 company, one of the Top 50 Blockchain Game Companies 2024, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, Animoca is one of the most active investors in Web3 as well, with a portfolio of over 450 Web3 investments.
Overall, with the Core network emerging as a top choice for developers, users, and institutions in Web3—especially in BTCFi—the collaboration with Animoca will only consolidate its position further and help progress towards a wider mass adoption.
