Gaming company Animoca Brands announces “Bitcoin launch”
Key Takeaways
- Animoca Brands is collaborating with Darewise to launch the Opal protocol, which aims to create the largest Web3 ecosystem on the Bitcoin blockchain.
- The Opal Protocol integrates virtual and real-world experiences into the decentralized Bitcoin ecosystem.
- This launch includes the introduction of the BLIF token, designed to enable “true digital living” on Bitcoin.
Animoca Brands, a Hong Kong-based gaming software company, announced a partnership with Darewise, a leader in metaverse technology. Launching the new OPAL protocol, Indicates that you have entered the Bitcoin ecosystem.
This collaboration aims to transform gaming, education and cultural experiences. Building the “largest Web3 ecosystem” on the Bitcoin blockchain.
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Animoca co-founder Yat Siu commented upon the introduction of Ordinals: Bitcoin has gone from being a simple store of value to a cultural repository. He added:
Building our presence on the Bitcoin chain through exciting work on the OPAL protocol advances our vision of an open metaverse where everyone has the opportunity to enjoy digital property rights and benefit from the power of network effects. It will help you do it.
The OPAL protocol is expressed as follows: A decentralized Bitcoin ecosystem that blends virtual and real world experiences, Forming a “digital extension of reality.” Although it hasn’t been released yet, it has already amassed over 275,000 followers on X, indicating solid interest from the community.
The company also stated this. Six of our portfolio companies have become Genesis members of the Opal ecosystem..
furthermore, All future Bitcoin-based projects at Animoca will collaborate with the Opal Foundation.
As part of this venture, Animoca also BLIF token was introduced, This will be the Opal Protocol Runes token, created to enable “true digital life” on Bitcoin.
The protocol launch date and BLIF airdrop date will be announced at a later date.
This collaboration is expected to bring Animoca’s vision into reality, enabling broader adoption and integration of Bitcoin into everyday digital interactions.
Announcement of this venture Coinciding with the launch of Hong Kong’s spot Bitcoin and Ether ETFs, With trading starting on April 30, local interest in cryptocurrency innovation is growing.
With a master’s degree in Economics, Politics, and Culture in East Asia, Aaron wrote a scientific thesis analyzing the differences between Western capitalism and collective capitalism after World War II.
With nearly 10 years of experience in the fintech industry, Aaron understands all of the biggest issues and challenges cryptocurrency enthusiasts face. He is a passionate analyst who delivers data-driven and fact-based content as well as speaking to both Web3 natives and industry newcomers.
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