💥💥💥💥 Bitcoin Adoption News: Unlocking Bitcoin's Metaverse: Animoca Brands Ventures with Opal Foundation Support 🚀🚀🚀🚀

Hong Kong-based gaming software company, Animoca Brands, has made a significant foray into the Bitcoin ecosystem by backing a new Bitcoin ecosystem protocol called the Opal Foundation. In a recent announcement on April 30th, Animoca Brands revealed its strategic move towards Bitcoin, outlining ambitious plans to construct the largest Web3 ecosystem focusing on gaming, education, and culture, all built on the foundation of Bitcoin.

The Transition to Bitcoin:

Animoca Brands' embrace of Bitcoin revolves around the Opal Protocol and the Runes token, which will be integrated into the BLIF token launched jointly by Animoca and the metaverse technology platform Darewise. The upcoming BLIF token is positioned as an integral part of the Bitcoin ecosystem, marking Bitcoin's readiness for Web3. Yat Siu, chairman and co-founder of Animoca, emphasized Bitcoin's evolution from a mere store of value to a cultural symbol for the Web3 era, underlining the Opal Protocol's role in advancing their vision of an open metaverse.

Key Points to Highlight:

Animoca Brands' announcement specified that six of its portfolio companies have already joined as Genesis members of the Opal Foundation. Additionally, all future Bitcoin-based projects by Animoca Brands will collaborate with the Opal Foundation. Launched in 2024, the Opal protocol aims to establish itself as a decentralized ecosystem protocol supported by BLIF on Bitcoin. It envisions a seamless integration of virtual and real-life experiences, encompassing banking, entertainment, education, and social interactions, all as a crypto extension of reality.

The Opal Protocol's launch date and the BLIF airdrop event are yet to be announced, as confirmed by Opal's official Telegram group. Despite its impending launch, the Opal protocol's X profile boasts over 270,000 followers, indicating significant anticipation within the community.

Source: CoinTurk