[Animoca Brands promotes Bitcoin open metaverse plan]
Animoca Brands, a Hong Kong-based investment giant in Web3 games and the Metaverse, is working with the Runes-backed Opal protocol to promote plans to build an "open Metaverse" in the Bitcoin ecosystem.
The "founding members" of the Opal protocol include six companies invested by Animoca Brands: Life Beyond, Open Campus, Enjin Starter, Helika, Pixelynx and Azarus. In addition, other core members including Solana-based NFT market MagicEden, ApeCoin ecosystem developer Horizen Labs, Metaverse technology company Darewise, Bitcoin wallet Xverse, and Bitcoin DeFi participant ALEX Lab have also joined this initiative.
Xiao Yi, executive chairman and co-founder of Animoca Brands, said: “Establishing our presence on the Bitcoin chain through the Opal protocol will help advance our vision of an open metaverse where everyone can enjoy digital property rights and benefit from it. Benefit from network effects.”
The OPAL protocol places special emphasis on its unique reward ecosystem, which is based on the concept of "Proof of Valuable Work" and aims to reward participants based on their contributions, and is driven by BLIF, a new hybrid BRC-20 token. Animoca Brands has chosen to partner with OPAL to build an open and sustainable Metaverse ecosystem.