Animoca Brands “comes to Bitcoin” with OPAL Protocol

• Animoca Brands says Bitcoin is ready for Web3.
• The blockchain gaming giant will collaborate with Darewise and OPAL Protocol to launch a new era for gaming, DeFi and Web3 on BTC.
• BLIF, a new token of the OPAL Protocol, will power the ecosystem.

Animoca Brands, a leading blockchain gaming company with a huge presence across the market, has announced its entry into the Bitcoin ecosystem.

The Hong Kong-based company’s huge announcement came via a post on X on Tuesday.

Among other details, Animoca Brands said it “is coming to Bitcoin” and that the pioneer blockchain network is “ready for Web3.”

In this quest to dominate the new era of Bitcoin gaming, Animoca Brands is tapping into the OPAL Protocol, a new ecosystem on Bitcoin that’s powered by the BLIF token.

“BLIF will be the OPAL Protocol Runes token, powering a true digital life on Bitcoin and beyond,” the company noted on X.

Animoca Brands is coming to #Bitcoin!

Bitcoin is ready for Web3. OPAL Protocol (@OpalBTC), powered by $BLIF and initiated by @darewise & @animocabrands, is slated to become the largest #Web3 ecosystem of #gaming, entertainment, #Defi, education, and culture, built on Bitcoin.
A… pic.twitter.com/WcJ65vMHfB

— Animoca Brands (@animocabrands) April 30, 2024

Animoca Brands portfolio companies ready to join project

Animoca Brands and metaverse company Darewise back OPAL Protocol and are poised to collaborate to make this “the largest Web3 ecosystem” built on Bitcoin.

The project will encompass gaming, entertainment, decentralised finance (DeFi), education and culture, according to details the Animoca team shared on Tuesday.

Already, six Animoca Brands portfolio companies have reportedly joined the initiative as genesis members. They include AAA massively multiplayer online (MMO) game Life Beyond, digital collectibles platform Magic Eden, Bitcoin Web3 wallet Xverse and developer platform Horizen Labs.

In addition, Animoca plans to partner with OPAL on all of its upcoming Bitcoin-based projects.

“Animoca Brands’ vision for the #openmetaverse harnesses the power of network effects and this truly resonates with the OPAL Protocol, a truly decentralized Foundation with a Special Council. Any company eager to join the movement can apply to become a member of OPAL and build with $BLIF,” the announcement on X reads.

Members of the special council include Animoca Brands’ Yat Siu, BRC-20 creator Domo and Darewise CEO Ben Charbit. Others are Leah Wald, Herve Larren and David Bailey.