In Brief
In a pivotal move, ZetaChain has revealed its collaboration with Animoca Brands, who is now a valued validator for the network.
ZetaChain operates as a Layer 1 blockchain platform that prioritizes interoperability. ZetaChain (ZETA) has announced that Animoca Brands, a company committed to promoting digital property rights in the gaming sector and the open metaverse, has joined as a validator on its network.
Animoca Brands is dedicated to enhancing digital property rights while backing decentralized initiatives that contribute to the growth of the open metaverse. The firm actively manages validator nodes across various blockchains to cultivate ecosystem development and guarantee transparent on-chain governance.
The collaboration between Animoca Brands, recognized for its expertise in securing blockchain infrastructures, and ZetaChain, which features a unique ZRC-20 token standard for Omnichain Smart Contracts, aims to create a more secure and trustworthy setting. This partnership will facilitate the creation of omnichain decentralized applications (dApps), allowing them to manage native assets and data across different blockchains effortlessly, so users won’t have to toggle between networks.
In line with this partnership, ZetaChain will grant Animoca Brands’ associated companies access to over 3.5 million wallets available within the ZetaChain ecosystem. Furthermore, Animoca Brands they will take advantage of the ZetaChain Ecosystem Growth Program, which dedicates 5% of the overall ZETA token supply to nurture the development of significant universal applications.
Understanding ZetaChain: An Insight into Its Functionality
ZetaChain is a Layer 1 blockchain that delivers services cross-chain interoperability through its omnichain contracts. It utilizes the Cosmos SDK along with the Tendermint consensus protocol, empowering developers to craft customized, scalable, and interoperable blockchain solutions.
Recently, it successfully rolled out version 2.0, which includes the Universal Ethereum Virtual Machine (EVM) and is centered around its Chain Abstraction Framework (CAF). This enhancement is designed to simplify multi-chain interoperability for developers while supporting diverse applications that leverage integrated liquidity and data using CAF.
The Universal EVM facilitates the creation of Universal applications and endorses Universal Proof-of-Stake (PoS), enabling better management of complex interactions, applications, and assets across multiple blockchains from a single interface.
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