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ZetaChain and Animoca Brands Join Forces to Advance Seamless Multi-Chain Connectivity

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2024-08-14 15:43:11931browse

ZetaChain, a universal blockchain, has announced that Animoca Brands, a Hong Kong-based gaming firm, has become a validator on ZetaChain.

ZetaChain and Animoca Brands Join Forces to Advance Seamless Multi-Chain Connectivity

Animoca Brands, a Hong Kong-based gaming firm, has become a validator on ZetaChain, bringing the industry closer to realizing the long-term vision of achieving seamless multi-chain connectivity and widespread adoption of digital assets, Animoca Brands said in a statement on Tuesday.

This collaboration 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.

It is noted that ZetaChain recently 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.

“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,” said Ankur Nandwani, Core Contributor of ZetaChain.

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.

The firm also provides digital asset advisory solutions to help companies and brands expand into and thrive in Web3 through structured guidance and strategic insights.

“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,” said Yat Siu, Co-founder and Executive Chairman of Animoca Brands.

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