Animoca Brands, a Web3 gaming company, has launched a validator on Core Chain, a Bitcoin-powered layer-one blockchain supporting EVM-compatible smart contracts. This move aims to bolster network security and decentralization while advancing Bitcoin finance (BTCfi).
Core Chain, designed to unlock over $1.3 trillion in trapped liquidity on Bitcoin, benefits from Animoca Brands’ extensive experience in validator operations across various blockchains. The integration aims to enhance network stability, governance, and transaction efficiency across blockchain networks.
In addition to operating a validator, Animoca Brands plans to collaborate with Core contributors to integrate selected decentralized applications (dApps) from its Web3 investment portfolio. This partnership is expected to accelerate Core’s development and drive wider adoption of BTCfi. Core Chain has already attracted over 4,800 BTC in staking, exceeding $180 million in staked value.
Brendon Sedo, Initial Contributor at Core, commented, “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 BTCF.”
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