Animoca Brands Backs Web3 Project on Bitcoin

Animoca Brands backs Web3 ecosystem on Bitcoin with $BLIF Token.

Animoca Brands is spearheading the effort to establish an all-encompassing Web3 ecosystem in collaboration with Darewise and Animoca Brands, the initiative that Opal Bitcoin represents.

Nonetheless, this ecosystem will encompass additional spheres besides games, entertainment, DeFi, education, and culture. 

The accomplishment of becoming the preeminent validator on The Open Network (TON) blockchain is a significant development for Animoca Brands, a well-established game software company and venture capital firm based in Hong Kong. 

Animoca Brands anticipates that this accomplishment will facilitate the growth of GameFi and gaming initiatives on the TON blockchain.  

The OPAL Protocol Rune Token BLIF will also supply the ecosystem with energy.  

Furthermore, it is critical to mention that Animoca Brands intends to collaborate closely with Opal Bitcoin to execute any future endeavors centered around Bitcoin. This dedication to Web3 industry innovation exemplifies the strategic alliance between the two organizations. 

Expansion of the OPAL Protocol Ecosystem

The exponential growth of the OPAL Protocol ecosystem represents a significant progression in the quest for a digital existence powered by Bitcoin and other cryptocurrencies.  

$BLIF, the token for OPAL Protocol Runes, will contribute substantially to the growth of this digital ecosystem.  

Six Animoca Brands portfolio companies have already pledged to become Genesis members, which is tangible proof of the industry’s strong support.  

$BLIF will substantially fund the premier project and AAA MMO game, LifeBeyond, thereby setting an example for future undertakings. 

Prominent organizations such as HorizenLabs, XverseApp, MagicEden, and ALEXLabBTC have also participated in the initiative, showcasing the industry’s broad engagement. The decentralized Foundation with a Special Council of OPAL Protocol and Animoca Brands’ commitment to nurturing an open metaverse are congruent.  

In contrast, organizations are enthusiastic about enrolling as members of OPAL to contribute to the ecosystem’s growth powered by $BLIF. 

Sustainable Ecosystems and Contributions as the Primary Focus

Animoca Brands advocates for the notion of sustainable ecosystems, placing particular emphasis on OPAL’s “Proof of Valuable Work” paradigm.   

This framework encourages ecosystem members to contribute to fostering a dynamic and constantly evolving ecosystem by providing incentives.  

The collaborative effort between Animoca Brands and Opal Bitcoin seeks to advance the notion of an open metaverse, wherein users can concurrently derive advantages from digital property rights and network effects. 

This partnership and the collaboration between Yat Siu, co-founder and executive chairman of Animoca Brands, are essential to transforming Bitcoin into a repository of culture for the Web3 era.  

As the partnership progresses, it is highly recommended that community members stay informed about upcoming activations that will culminate in the release of $BLIF and actively participate in the OPAL Protocol ecosystem.