tl;dr
On Thursday, July 11, Animoca Brands announced that it will be launching a validator on the Bitcoin-powered Layer-1 blockchain Core chain. This move aims to enhance the security and stability of the Core blockchain network. By integrating dApps and running validators, Animoca Brands will actively pa...
On Thursday, July 11, Animoca Brands announced its integration into the Core blockchain. As a result, Animoca Brands will be launching a validator on the Bitcoin-powered Layer-1 blockchain Core chain. This move is aimed at enhancing the security and stability of the Core blockchain network, with the collaboration looking to unlock $1.3 trillion of liquidity on the Bitcoin blockchain and advance BTCfi. The addition of Animoca Brands as a validator solidifies Core's position for decentralized finance projects on the Bitcoin network.
Validators play a crucial role in verifying and validating transactions while maintaining the ledger’s accuracy, thus contributing to its overall security. By participating as a validator, Animoca Brands will actively contribute to the governance and stability of the Core blockchain. The collaboration also involves Animoca Brands selecting certain dApps from its Web3 portfolio to foster collaboration and innovation in advancing BTCfi.
Brendon Sedo, Initial Contributor at Core, expressed enthusiasm about the collaboration, highlighting Animoca Brands' pivotal role in securing the Core chain and enabling BTCFi. This partnership marks the beginning of anticipated future collaborations aiming to make Core the most Bitcoin-aligned blockchain, with Animoca Brands as a key partner in this journey.
The unique architecture of the Core chain, backed by the Satoshi Plus Consensus Mechanism, aligns perfectly with Animoca Brands’ mission of building and enhancing opportunities for ecosystem builders and dApps. The collaboration solidifies Core Chain as a top choice for developers, users, and institutions in Web3, particularly in the BTCfi sector.
Alongside this, Animoca Brands is planning for a Hong Kong IPO next year in 2025, further enhancing its market presence and influence.
More about C3 Ai Inc
C3 Ai Inc (C3) operates in the Technology sector, specifically in the Services-Prepackaged Software industry.
The company has a market capitalization of $3.83 billion and reported a revenue of $310.58 million.
Currently, the stock is priced at $29.35 per share.
Key financial metrics include:
- Change: -2.34
- Earnings per Share (EPS): $2.602
- Price to Earnings (P/E) ratio: -0.901
- Dividend Yield: 0%
- Beta: 0.196