Animoca Brands Becomes Validator on Core Blockchain

A validator for EVM-compatible smart contracts has been established on the Core Chain by Animoca Brands, according to a statement made by Core, a layer-one blockchain powered by Bitcoin. This action reveals Animoca Brands’ faith in Core’s potential and dedication to strengthening the decentralization and security of the network.

By validating transactions, preserving ledger correctness, and enhancing overall security, validators are essential to blockchain networks. By choosing to become a validator, Animoca Brands is demonstrating its support for Core’s goal of freeing up more than $1.3 trillion in locked-up liquidity on the Bitcoin platform.

Integrating dApps and Fostering Innovation

Alongside running a validator, Animoca Brands plans to collaborate with Core contributors to integrate various dApps from its extensive Web3 investment portfolio. This initiative aims to drive collaboration and innovation, leveraging multiple projects to advance BTCfi.

Core Chain’s unique architecture, supported by the Satoshi Plus Consensus Mechanism, aligns with Animoca Brands’ commitment to building on Bitcoin and advancing opportunities for ecosystem builders and dApps. Core offers unmatched scalability and security, making it an ideal choice for decentralized finance projects on the Bitcoin network.

Animoca Brands’ inclusion as a validator represents a significant milestone in Core’s mission to build a secure, decentralized, and efficient blockchain network. Their expertise in validator operations across multiple blockchains adds immense value to Core.

With over 4,800 BTC staked, Core has exceeded $180 million in BTC staked value. These developments reinforce Core Chain as a top choice for developers, users, and institutions in Web3, particularly in BTCFi. The partnership with Animoca Brands is expected to accelerate Core’s progress and boost the mass adoption of BTCfi.

Brendon Sedo, Initial Contributor at Core, expressed enthusiasm about the collaboration: “We are thrilled to announce our partnership 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.”