ZetaChain welcomes Animoca Brands as validator to accelerate multi-chain interoperability and digital asset adoption
13 August 2024 - ZetaChain, the first universal blockchain today announced that Animoca Brands, the company advancing digital property rights for gaming and the open metaverse, has become a validator on ZetaChain. This collaboration brings the industry closer in realizing the long-term vision of achieving seamless multi-chain connectivity and widespread adoption of digital assets.
The collaboration between Animoca Brands and ZetaChain brings together two industry leaders with innovative contributions to different aspects within the blockchain space. The combination of Animoca Brands’ expertise and experience in securing blockchain networks with ZetaChain’s proprietary ZRC-20 token standard for Omnichain Smart Contracts deployment will foster a more secure and trustless environment to accelerate the development of innovative omnichain dApps that can seamlessly manage native assets and data across different blockchains without requiring users to switch networks.
ZetaChain, a top ten blockchain as measured by active users (source: DappRadar), introduced its 2.0 upgrade and Universal EVM for chain abstraction centered around its Chain Abstraction Framework (CAF), which was proposed and developed by the decentralized ZetaChain community. By leveraging CAF, ZetaChain simplifies multi-chain interoperability for developers and unlocks a multitude of prospective use cases for unified liquidity and data. With the implementation of the Universal EVM, ZetaChain enables Universal Apps and Universal Proof of Stake. These advancements empower developers and users to manage complex interactions, applications, and assets seamlessly across external chains from one place. By abstracting the underlying complexities of different chains, ZetaChain enables developers to deploy once and reach users on all chains.
Ankur Nandwani, Core Contributor of ZetaChain, commented: “We’re excited about our collaboration with Animoca Brands to further secure and scale adoption for Universal Apps that work for all of crypto. Over 540 Web3 companies in the Animoca Brands investment portfolio now have the opportunity to leverage ZetaChain to future-proof their apps and access users on any chain including native Bitcoin.”
ZetaChain is also eager to offer Animoca Brands portfolio companies access to over 3.5 million unique wallets on ZetaChain and its ZetaChain Ecosystem Growth Program, which commits 5% percent of total ZETA token supply for impactful Universal Apps. The program provides support through grants, incentives, and community campaigns for cutting-edge products and infrastructure built on ZetaChain’s Universal EVM, with a particular focus on growing ownership, usage, and adoption of Bitcoin.
Animoca Brands is a global leader in gamification and blockchain with a mission to advance digital property rights and decentralized projects to help build the open metaverse. It has been operating validator nodes across various blockchains, supporting ecosystem development and unbiased on-chain governance. Animoca Brands also provides digital asset advisory solutions to help companies and brands expand into and thrive in Web3 through structured guidance and strategic insights.
Yat Siu, co-founder and executive chairman of Animoca Brands, commented: “We are excited to partner with ZetaChain and become a validator of this first universal blockchain, helping make multi-chain connectivity more seamless. This collaboration furthers our mission to drive innovation and decentralization across the broader Web3 ecosystem.”
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About ZetaChain
ZetaChain is the first universal L1 blockchain. It serves as the base-layer of the decentralized internet, providing a platform for global access, simplicity, and utility across any blockchain. Zetachain’s Omnichain Smart Contracts on the Universal EVM are purpose-built for general chain abstraction across the entire crypto ecosystem. ZetaChain can connect to any blockchain, from Ethereum and Cosmos to Bitcoin and beyond, enabling unified liquidity, user experience, and data all from a single place. Universal Apps on ZetaChain are future-proof and have full compatibility with both existing and new chain integrations. With a proposed Universal Proof-of-Stake capability, ZetaChain supports staking of assets like native Bitcoin and Ethereum in exchange for rewards, powering unbounded scale for economic security.
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About Animoca Brands
Animoca Brands (ACN: 122 921 813), a Deloitte Tech Fast winner, a Fortune Crypto 40 company, one of the Top 50 Blockchain Game Companies 2024, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, SPORTPASS, PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 540 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Magic Eden, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, and many more. For more information visit www.animocabrands.com or follow on X (Twitter), YouTube, Instagram, LinkedIn, Facebook, and TikTok.