Animoca Brands Joins ZetaChain as Validator to Enhance Multi-Chain Interoperability

ZetaChain,
the
pioneering
universal
blockchain,
has
announced
that
Animoca
Brands,
a
leader
in
advancing
digital
property
rights
for
gaming
and
the
open
metaverse,
has
joined
as
a
validator.
This
strategic
partnership
aims
to
bring
the
industry
closer
to
achieving
seamless
multi-chain
connectivity
and
widespread
digital
asset
adoption,
according
to

Animoca
Brands.

Strengthening
Blockchain
Networks

The
collaboration
between
Animoca
Brands
and
ZetaChain
combines
the
strengths
of
both
entities.
Animoca
Brands
brings
its
extensive
experience
in
securing
blockchain
networks,
while
ZetaChain
contributes
its
innovative
ZRC-20
token
standard
for
Omnichain
Smart
Contracts.
This
partnership
aims
to
foster
a
secure
and
trustless
environment
that
accelerates
the
development
of
omnichain
decentralized
applications
(dApps).
These
dApps
will
be
capable
of
managing
native
assets
and
data
across
different
blockchains
without
requiring
users
to
switch
networks.

Technological
Advancements

ZetaChain,
ranked
among
the
top
ten
blockchains
by
active
users,
recently
introduced
its
2.0
upgrade
and
Universal
Ethereum
Virtual
Machine
(EVM)
for
chain
abstraction.
These
advancements
are
centered
around
the
Chain
Abstraction
Framework
(CAF),
developed
by
the
decentralized
ZetaChain
community.
CAF
simplifies
multi-chain
interoperability
for
developers,
unlocking
numerous
prospective
use
cases
for
unified
liquidity
and
data.
The
implementation
of
the
Universal
EVM
enables
Universal
Apps
and
Universal
Proof
of
Stake,
allowing
developers
and
users
to
manage
complex
interactions,
applications,
and
assets
seamlessly
across
external
chains.

Expanding
Opportunities

Ankur
Nandwani,
Core
Contributor
of
ZetaChain,
expressed
enthusiasm
about
the
collaboration,
stating,
“We’re
excited
about
our
collaboration
with
Animoca
Brands
to
further
secure
and
scale
adoption
for
Universal
Apps
that
work
for
all
of
crypto.
Over
540
Web3
companies
in
the
Animoca
Brands
investment
portfolio
now
have
the
opportunity
to
leverage
ZetaChain
to
future-proof
their
apps
and
access
users
on
any
chain
including
native
Bitcoin.”

ZetaChain
is
also
offering
Animoca
Brands
portfolio
companies
access
to
over
3.5
million
unique
wallets
on
its
platform.
The
ZetaChain
Ecosystem
Growth
Program
commits
5%
of
the
total
ZETA
token
supply
to
support
impactful
Universal
Apps
through
grants,
incentives,
and
community
campaigns.
This
initiative
particularly
focuses
on
growing
ownership,
usage,
and
adoption
of
Bitcoin.

Animoca
Brands’
Role

Animoca
Brands
is
a
global
leader
in
gamification
and
blockchain,
focused
on
advancing
digital
property
rights
and
decentralized
projects
to
help
build
the
open
metaverse.
The
company
has
been
operating
validator
nodes
across
various
blockchains,
supporting
ecosystem
development
and
unbiased
on-chain
governance.
Additionally,
Animoca
Brands
provides
digital
asset
advisory
solutions
to
help
companies
and
brands
expand
into
and
thrive
in
Web3.

Yat
Siu,
co-founder
and
executive
chairman
of
Animoca
Brands,
commented,
“We
are
excited
to
partner
with
ZetaChain
and
become
a
validator
of
this
first
universal
blockchain,
helping
make
multi-chain
connectivity
more
seamless.
This
collaboration
furthers
our
mission
to
drive
innovation
and
decentralization
across
the
broader
Web3
ecosystem.”

ZetaChain
aims
to
serve
as
the
foundational
layer
of
the
decentralized
internet,
providing
a
platform
for
global
access,
simplicity,
and
utility
across
any
blockchain.
Its
Omnichain
Smart
Contracts
on
the
Universal
EVM
are
designed
for
general
chain
abstraction,
enabling
unified
liquidity,
user
experience,
and
data
management
from
a
single
platform.

Image
source:
Shutterstock