ZetaChain, a trailblazer in the universal blockchain space, has announced a strategic partnership with Animoca Brands, a leader in promoting digital property rights for gaming and the open metaverse. Animoca Brands has joined ZetaChain as a validator, aiming to enhance multi-chain connectivity and facilitate widespread digital asset adoption.
Combining Strengths for a Secure Omnichain Environment
between ZetaChain and Animoca Brands leverages the strengths of both entities. Animoca Brands brings extensive experience in securing blockchain networks, while ZetaChain contributes its innovative ZRC-20 token standard for Omnichain Smart Contracts. This partnership is designed to create a secure and trustless environment, accelerating the development of omnichain decentralized applications (dApps). These dApps will manage native assets and data across various blockchains without requiring users to switch networks, thereby enhancing user experience and operational efficiency.
Advancements and Innovations by ZetaChain
ZetaChain, ranked among the top ten blockchains by active users, recently introduced its 2.0 upgrade and Universal Ethereum Virtual Machine (EVM) for chain abstraction. These advancements, centered around the Chain Abstraction Framework (CAF), were developed by the decentralized ZetaChain community. CAF simplifies multi-chain interoperability for developers, unlocking numerous prospective use cases for unified liquidity and data management. The implementation of the Universal EVM facilitates Universal Apps and Universal Proof of Stake, allowing developers and users to manage complex interactions, applications, and assets seamlessly across different blockchain networks.
Community and Ecosystem Growth Initiatives
Ankur Nandwani, a core contributor of ZetaChain, expressed enthusiasm about the collaboration, highlighting that the partnership with Animoca Brands will enhance security and scale adoption for Universal Apps that operate across the entire crypto space. Nandwani noted that over 540 Web3 companies within the Animoca Brands investment portfolio now have the opportunity to leverage ZetaChain’s capabilities, including access to users on any chain, such as native Bitcoin.
ZetaChain is offering Animoca Brands portfolio companies access to over 3.5 million unique wallets on its platform. The ZetaChain Ecosystem Growth Program commits 5% of the total ZETA token supply to support impactful Universal Apps through grants, incentives, and community campaigns. This initiative focuses particularly on growing ownership, usage, and adoption of Bitcoin, aiming to integrate it more seamlessly into the broader blockchain ecosystem.
Animoca Brands’ Role and Vision
Animoca Brands, a global leader in gamification and blockchain, is focused on advancing digital property rights and decentralized projects to help build the open metaverse. The company has been operating validator nodes across various blockchains, supporting ecosystem development and unbiased on-chain governance. Additionally, Animoca Brands provides digital asset advisory solutions to help companies and brands expand into and thrive in Web3.
Yat Siu, co-founder and executive chairman of Animoca Brands, expressed excitement about the partnership with ZetaChain, emphasizing that becoming a validator for this universal blockchain helps make multi-chain connectivity more seamless. Siu highlighted that this collaboration aligns with Animoca Brands’ mission to drive innovation and decentralization across the broader Web3 ecosystem.
Future Prospects and Impact on the Blockchain Landscape
ZetaChain aims to serve as the foundational layer of the decentralized internet, providing a platform for global access, simplicity, and utility across any blockchain. Its Omnichain Smart Contracts on the Universal EVM are designed for general chain abstraction, enabling unified liquidity, user experience, and data management from a single platform. The collaboration with Animoca Brands is expected to significantly enhance the capabilities of both entities, fostering a more interconnected and efficient blockchain ecosystem.
As ZetaChain progresses, it will be interesting to observe its influence on the broader blockchain landscape. The partnership with Animoca Brands could play a pivotal role in shaping the future of Web3 and decentralized technologies, making blockchain more accessible and user-friendly for a wider audience. This collaboration marks a significant step towards achieving seamless multi-chain connectivity and advancing the adoption of digital assets on a global scale.