Animoca Brands Sets Up Validator on Core Blockchain to Enhance Security and Decentralization

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.

Image
source:
Shutterstock