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Animoca Brands Japan joins Orbs network as validator

Animoca Brands Japan joins Orbs network as validator

CryptopolitanCryptopolitan2024/09/11 16:00
By:By Graham Smith

Share link:In this post: Animoca Brands Japan, a subsidiary of the leading Hong Kong-based web3 company, will join the Orbs Layer-3 (L3) blockchain network as a “Guardian.” Guardians run validator nodes to stabilize the network. Orbs aims to function as a “supplementary execution network” for other decentralized finance (defi) networks.

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 Japan joins Orbs network as validator image 0

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.”

 

 
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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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