The post Animoca Brands Japan joins Orbs network as validator appeared on BitcoinEthereumNews.com.

Animoca Brands Japan, a subsidiary of Hong Kong’s web3 leader Animoca Brands Corporation Limited, will join the Orbs Layer-3 (L3) network as a “Guardian.” The company behind such popular projects as the digital land development game The Sandbox, will serve as a validator.  In what a press release refers to as Animoca’s “first ever validator partner” relationship, the Hong Kong-based web3 giant will be acting as a validator node helping to stabilize the Orbs network, which is attempting to facilitate on-chain decentralized finance (defi) trading as an L3 protocol. “As a public, permissionless blockchain infrastructure project, Orbs relies on its Guardians to ensure network security and uphold its long-term vision” an Orbs blog post states. Animoca Brands’s update details that the Orbs L3 protocol works in conjunction with L1 and L2 solutions like Ethereum, Polygon, BNB Chain, TON, Avalanche, and Fantom. The announcement comes after reports in August of the secondary market going cold on Animoca and non-fungible tokens (NFTs). However, co-founder and executive chairman of the company, Yat Siu, told Cryptopolitan at the recent South Korea Blockchain Week: “We will continue to invest to grow the web3 ecosystem.” Source: https://www.cryptopolitan.com/animoca-brands-japan-joins-orbs-network-as-validator/

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Filed under: News - @ September 12, 2024 2:19 am