SNEAK PEEK
Animoca Brands enhances Core blockchain’s security and decentralization.
Core’s BTC-fi focus aligns with Animoca’s DeFi goals on the Bitcoin network.
The partnership is set to drive mass adoption of decentralized technologies.
Animoca Brands, a leader in the Web3 space known for delivering digital property rights through blockchain technology, has launched a validator on the Core blockchain. This strategic move aims to enhance network security and decentralization for both entities.
The collaboration with Core blockchain, renowned for its transformative impact on the blockchain landscape with its open-source, unstoppable network, is set to facilitate the integration of decentralized applications (dApps) and drive innovation in Bitcoin finance (BTC-fi). Core has distinguished itself in the blockchain and Web3 space by combining the strengths of Bitcoin and Ethereum. It is a Bitcoin-powered layer-one blockchain that supports Ethereum Virtual Machine (EVM)-compatible smart contracts.
Animoca Brands is expected to experience significant growth by becoming a validator on the Core network. Core’s stability, rooted in its vision to unlock over $1.3 trillion of trapped liquidity on Bitcoin, provides a robust foundation for this partnership. Additionally, the support of EVM-compatible smart contracts enhances decentralization, offering Animoca a reliable platform to develop decentralized finance (DeFi) solutions on the Bitcoin network.
Core’s focus on BTC-fi aligns perfectly with Animoca’s commitment to advancing opportunities for the ecosystem’s builders and dApps on Bitcoin. This synergy allows Animoca to leverage Core’s scalability and security to create an ideal platform for projects seeking to harness decentralized finance on the Bitcoin network.
Core’s pioneering efforts include the first-ever non-custodial BTC staking protocol and the world’s first yield-bearing BTC Exchange Traded Product (ETP) with Valour. As the most Bitcoin-aligned EVM blockchain, Core benefits from nearly 50% of Bitcoin mining hash power, which contributes to its security. The network also boasts 4,400 BTC natively staked, unlocking Bitcoin utility and rewards.
These features have driven Core’s rapid adoption, attracting a community of 2.3 million Twitter followers and 265,000 Discord members. Since its mainnet launch in January 2023, Core has facilitated over 19 million unique addresses and 260 million transactions.
For Core, including Animoca Brands as a validator brings valuable expertise and experience in validation operations across multiple blockchains. This collaboration supports Core’s mission to build a secure, decentralized, and efficient blockchain network.
Animoca Brands’ impressive track record includes being a Deloitte Tech Fast winner, a Fortune Crypto 40 company, one of the Top 50 Blockchain Game Companies of 2024, and a Financial Times High Growth Companies Asia-Pacific 2023 honoree. As one of the most active investors in Web3, Animoca’s portfolio boasts over 450 Web3 investments.
With Core emerging as a top choice for developers, users, and institutions in Web3—particularly in BTC-fi—the partnership with Animoca Brands is poised to solidify its position further and drive mass adoption of decentralized technologies.
The post Core Blockchain Welcomes Animoca as a Validator appeared first on Today NFT News.
