Animoca Brands, in collaboration with Opal Bitcoin, initiated by Darewise and Animoca Brands, is spearheading the development of a comprehensive Web3 ecosystem. This ecosystem will cover various domains including games, entertainment, DeFi, education, and culture. As a significant milestone, Animoca Brands, a renowned Hong Kong-based game software company and venture capital firm, has secured its position as the largest validator on The Open Network (TON) blockchain.

With this accomplishment, Animoca Brands aims to facilitate the growth of gaming and GameFi projects on the TON blockchain. Additionally, the ecosystem will be powered by the OPAL Protocol Rune Token BLIF. Furthermore, all future Bitcoin-based projects from Animoca Brands will be executed in collaboration with Opal Bitcoin, underscoring a strategic partnership aimed at driving innovation in the Web3 space.

Expansion of the OPAL Protocol Ecosystem

The expansion of the OPAL Protocol ecosystem marks a significant step towards realizing a digital life powered by Bitcoin and beyond. The OPAL Protocol Runes token, $BLIF, will play a pivotal role in empowering this digital ecosystem. Already, six portfolio companies of Animoca Brands have pledged their support as genesis members, indicating strong industry backing. Notably, the flagship project and AAA MMO game, LifeBeyond, will be fueled by $BLIF, setting the precedent for future ventures.

Other key members such as MagicEden, XverseApp, ALEXLabBTC, and HorizenLabs have also joined the movement, highlighting widespread industry participation. Animoca Brands’ commitment to an open metaverse resonates with OPAL Protocol’s decentralized Foundation with a Special Council. As part of this initiative, companies are encouraged to apply and become members of OPAL, contributing to the growth of the ecosystem powered by $BLIF.

Also Read: Why MicroStrategy Is Still Buying Bitcoin Despite $53 Million Loss?

Emphasis on Sustainable Ecosystems and Contributions

Animoca Brands champions the concept of sustainable ecosystems, emphasizing OPAL’s paradigm of “Proof of Valuable Work.” This framework rewards ecosystem members based on their contributions, fostering a dynamic and thriving ecosystem. The collaboration between Animoca Brands and Opal Bitcoin is geared towards advancing the vision of an open metaverse where individuals can enjoy digital property rights and leverage network effects for mutual benefit.

Yat Siu, executive chairman, and co-founder of Animoca Brands, underscores the significance of this collaboration in transitioning Bitcoin into a store of culture for the Web3 age. As the partnership progresses, community members are encouraged to stay informed about upcoming activations leading to the launch of $BLIF and actively participate in the OPAL Protocol ecosystem.

Also Read: Bitcoin Miners Move Huge Quantity On Spot Exchanges, BTC Price Pressure to Continue?

The post Animoca Brands Teams Up With Opal Bitcoin For Bitcoin-based Web3 Projects appeared first on CoinGape.

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Filed under: News - @ January 1, 1970 12:00 am