Animoca Brands Joins Core DAO as Validator, Paving the Way for Web3 DApps Integration

Core, the Bitcoin-powered layer-one blockchain for EVM-compatible smart contracts, has welcomed Animoca Brands as a new validator on its network. 

This strategic move would reportedly enhance Core's decentralization and signal a significant step forward in fostering collaboration within the Web3 ecosystem.

"By running a validator on the Core network, Animoca Brands is playing a crucial role in securing the Core chain and enabling BTCFi,” said Brendon Sedo, Initial Contributor at Core. “This partnership marks the beginning of what we anticipate to be many future collaborations.”

Validators play a crucial role in blockchain networks by verifying and validating transactions, ensuring decentralized ledgers' accuracy and security. By launching a validator on the Core Chain, Animoca Brands contributes directly to the network's stability and governance processes.

In addition to its validator role, Animoca Brands plans to collaborate closely with Core contributors to integrate select decentralized applications (dApps) from its extensive portfolio of Web3 investments. This initiative aims to leverage the strengths of both entities to drive innovation in Bitcoin finance (BTCFi) and expand opportunities within the ecosystem.

Core's Technological Advantages and Market Impact

Core's architecture, supported by the Satoshi Plus Consensus Mechanism, emphasizes scalability and security, critical factors for projects operating in the decentralized finance (DeFi) space. 

The partnership with Animoca Brands follows the introduction of Valour Inc.'s Bitcoin Staking ETP in partnership with Core Foundation. This financial product, offering exposure to Bitcoin with an annualized yield, underscores Core's growing influence in global financial markets.

Further, Core DAO continues to drive innovation through initiatives like the CORE Starter Program, designed to empower developers in creating secure and scalable dApps on Bitcoin.