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Animoca Brands Joins ZetaChain as a Validator to Enhance Multi-Chain Connectivity and the Adoption of Digital Assets

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Release: 2024-08-14 15:20:10
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ZetaChain, the first universal blockchain, will leverage Animoca's expertise in securing blockchain networks. Portfolio companies under Animoca will have access to over 3.5 million unique wallets on ZetaChain's platform, as well as support from its Ecosystem Growth Program.

Animoca Brands Joins ZetaChain as a Validator to Enhance Multi-Chain Connectivity and the Adoption of Digital Assets

Animoca Brands has joined ZetaChain as a validator on its platform, a move designed to enhance multi-chain connectivity and the adoption of digital assets.

Being the first universal blockchain, ZetaChain will leverage Animoca's experience in securing blockchain networks. Animoca’s portfolio companies will gain access to over 3.5 million unique wallets on ZetaChain's platform, as well as support from its Ecosystem Growth Program.

This collaboration will also facilitate the development of decentralized applications (dApps) that can operate across multiple blockchains without requiring users to switch networks.

Recent upgrades on ZetaChain, such as its 2.0 update and Universal EVM, simplify interoperability and enable developers to create applications that work seamlessly across different chains. Its partnership with Animoca is expected to accelerate the adoption of these technologies.

Ankur Nandwani, Core Contributor of ZetaChain, expressed enthusiasm about working with Animoca Brands' 540 Web3 companies, which "now have the opportunity to leverage ZetaChain to future-proof their apps and access users on any chain including native Bitcoin.”

Measured by active users, ZetaChain is one of the top ten blockchains. Its Chain Abstraction Framework (CAF), which was proposed and developed by the decentralized ZetaChain community, simplifies multi-chain interoperability for developers and unlocks a multitude of prospective use cases for unified liquidity and data.

Yat Siu, co-founder and executive chairman of Animoca Brands, said the collaboration "furthers our mission to drive innovation and decentralization across the broader Web3 ecosystem.”

Last month, the Hong Kong Monetary Authority (HKMA) announced five new participants in its stablecoin sandbox, including Standard Chartered (Hong Kong) and Animoca Brands.

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