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Animoca Brands Enters Bitcoin Ecosystem with Opal Foundation
Animoca Brands, a Hong Kong-based game software company, is making a significant move by entering the Bitcoin ecosystem in collaboration with the Opal Foundation. This partnership aims to utilize the Opal Protocol to establish the Largest Web3 Ecosystem.
Animoca Brands’ Expansion Plan
On April 30, Animoca Brands revealed its intention to venture into the world of Bitcoin. The company envisions a diverse ecosystem encompassing gaming, entertainment, DeFi, education, and culture, all built on the foundation of Bitcoin.
Animoca Brands, along with the metaverse technology platform Darewise, is spearheading this initiative. They are leveraging the Opal Protocol and the BLIF token, specifically the Opal Protocol Runes token, to lay the groundwork for this expansive ecosystem.
Vision for the Future of Web3
The executive chairman and co-founder of Animoca Brands, Yat Siu, sees ordinals as the driving force behind Bitcoin’s evolution from a mere store of value to a “store of culture” in the Web3 era. Siu emphasized that establishing a presence on the Bitcoin chain through the Opal Protocol’s endeavors will contribute to realizing their vision of an open metaverse where individuals can enjoy digital property rights and leverage network effects.
Embracing Collaboration and Competition
While Animoca Brands aims to lead the transformation in Bitcoin’s landscape, they are also inviting other companies to join the movement. Interested entities can apply to become an OPAL member and engage with BLIF to contribute to this innovative ecosystem.
Introduction to the Opal Protocol
The Opal Protocol, launched in 2024, positions itself as a decentralized ecosystem protocol on Bitcoin, powered by BLIF. The protocol envisions a future where finance, entertainment, education, and decentralized governance seamlessly converge in a globally accessible digital realm.
Opal’s official Telegram group representatives have hinted at an upcoming launch date for the protocol and a BLIF airdrop, generating anticipation within the community.
Building a Following
Prior to its official launch, the Opal Foundation has garnered a significant following, with over 276,000 followers on Twitter. The foundation expressed pride in partnering with Animoca Brands, highlighting their role in bridging the gap between their vision and the establishment of the open Opal protocol within the Bitcoin ecosystem.
Ian is a cryptocurrency enthusiast blending humor with professionalism. With an engineering background and a storyteller's heart, he simplifies the blockchain world with sharp analysis and a touch of wit. At Cryptowire, he brings his unique perspective to make digital financial innovation accessible to all.
