PANews reported on April 30 that Animoca Brands said on the X platform that Animoca Brands is about to enter the Bitcoin field. The OPAL Protocol (@OpalBTC), powered by BLIF tokens and initiated by Darewise and Animoca Brands, will become a Web3 ecosystem for games, entertainment, Defi, education and culture based on Bitcoin. BLIF will be the rune token of OPAL Protocol, providing support for real digital life on Bitcoin and beyond. Six Animoca Brands portfolio companies have become founding members. In addition, all future Bitcoin-based projects of Animoca Brands will cooperate with OPAL Protocol to lay a solid foundation for cooperation. Among them, the flagship project and AAA multiplayer online game Life Beyond, which is powered by BLIF, will play a leading role. Other important members who have joined the action include Magic Eden, Xverse, ALEX and Horizen Labs.
Yat Siu, Executive Director and Co-Founder of Animoca Brands, said: “With the advent of Ordinals, Bitcoin has made a huge leap from being just a way to store value to becoming a cultural store of the Web3 era. Establishing our presence on the Bitcoin chain through OPAL Protocol will help advance our vision of an open metaverse where everyone has the opportunity to enjoy digital property rights and benefit from the power of network effects.”
