Animoca Brands Corporation Ltd has launched a validator on the Core Chain, a bitcoin-powered, layer-one blockchain for Ethereum Virtual Machine (EVM) compatible smart contracts owned and developed by Core.
Validators are core components of a blockchain network that verify and validate transactions.
They enable decentralised ledgers to remain accurate and contribute to a network’s overall security.
In addition to running a validator, Animoca Brands aims to work with Core contributors to integrate certain dApps from its portfolio of Web3 investments in an effort to drive Bitcoin finance (BTCFi) forward.
First of many future collaborations
"We are thrilled to announce our collaboration with Animoca Brands, one of the most well-known companies in the Web3 space,” Core initial contributor Brendon Sedo said.
“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.”
The company says Core Chain's unique architecture – supported by 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.
With over 4,800 bitcoin Staked, Core says it has exceeded US$180 million in BTC Staked Value.