Animoca Brands surprised everyone with its Bitcoin move!

Hong Kong-based gaming software company #AnimocaBrands is entering the Bitcoin industry by supporting the Opal Foundation, a new Bitcoin ecosystem protocol.

Animoca Brands announced on April 30 at and includes the Opal Protocol and BLIF token launched by Animoca and metaverse technology platform Darewise.

In the announcement, Animoca touted the upcoming BLIF as a token that will enable “true digital life” on Bitcoin and declared Bitcoin ready for Web3. “With the advent of Ordinals, Bitcoin has taken a giant leap from being merely a way to store value to becoming a repository of culture for the Web3 age,” said Yat Siu, executive chairman and co-founder of Animoca.

“Enhancing our presence on the Bitcoin chain through the exciting work of the #OPAL Protocol will help advance our vision of an open metadata where all people have the opportunity to enjoy digital property rights and harness the power of network effects.”

The company's X title noted that six of Animoca Brands' portfolio companies have already joined as Genesis members. Additionally, the announcement states that all future Bitcoin-based projects of Animoca Brands will partner with the Opal Foundation. Launched in 2024, the Opal protocol positions itself as a “decentralized ecosystem protocol powered by BLIF on Bitcoin.” Its “litepaper” reads: “The OPAL protocol is not just a digital playground; “It is a seamless blend of virtual and real-life experiences designed to be a digital extension of reality, where banking, entertainment, education and social interactions co-exist harmoniously.”
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