TLDR
- Animoca Brands has launched a validator on the Core blockchain.
- Core is a Bitcoin-powered layer-one blockchain for EVM-compatible smart contracts.
- Animoca Brands aims to integrate some of its Web3 portfolio dApps with Core.
- Core has over 4,400 BTC staked, exceeding $180M in value.
- The partnership aims to accelerate Core’s progress and fuel BTCfi adoption.
Core, a Bitcoin-powered layer-one blockchain, announced today that Animoca Brands has launched a validator on its network.
This move marks the next step in Core’s mission to unlock over $1.3 trillion of trapped liquidity on Bitcoin and advance the Bitcoin finance (BTCfi) ecosystem.
Core, which specializes in EVM-compatible smart contracts, has been gaining traction in the cryptocurrency space since its mainnet launch in January 2023.
The blockchain boasts impressive statistics, including over 19 million unique addresses and 260 million transactions. Core’s unique selling point is its integration with Bitcoin, with approximately 50% of Bitcoin mining hash power contributing to the network’s security.
Animoca Brands, a well-known player in the Web3 space, brings valuable experience to Core’s network. As a validator, Animoca Brands will play a crucial role in verifying transactions, maintaining ledger accuracy, and contributing to the overall security of the Core network.
This participation also gives Animoca Brands a stake in the governance and stability of the Core blockchain.
The collaboration goes beyond validator duties. Animoca Brands has expressed interest in integrating some of its Web3 portfolio applications with Core.
This initiative could lead to increased innovation and collaboration within the BTCfi space, potentially bringing new use cases and users to the Core network.
Core’s architecture, supported by its Satoshi Plus Consensus Mechanism, seems to align well with Animoca Brands’ focus on building on Bitcoin and advancing opportunities for ecosystem builders and decentralized applications (dApps).
The blockchain’s emphasis on scalability and security makes it an attractive option for projects looking to leverage decentralized finance on the Bitcoin network.
One of Core’s standout features is its non-custodial BTC staking protocol. Currently, over 4,400 BTC are staked on the network, translating to more than $180 million in value.
This significant amount of staked Bitcoin underscores the growing interest in Core’s offerings and the potential of BTCfi.
Brendon Sedo, an initial contributor at Core, had this to say about the collaboration:
“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.”
Animoca Brands, known for its investments in over 450 Web3 projects and its development of popular blockchain games, brings substantial industry experience to the table. Their involvement could potentially attract more developers and users to the Core ecosystem.
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