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Akira Ming
Akira Ming
May 2, 2024
News

Animoca and Darewise to Launch OPAL Protocol on Bitcoin

The OPAL Protocol will harness Bitcoin's Ordinals for a new ecosystem in gaming, entertainment, DeFi, and education.
Animoca and Darewise to Launch OPAL Protocol on Bitcoin

In an exciting move, Animoca Brands and its subsidiary, Darewise Entertainment, have unveiled the OPAL Protocol. This new venture uses Bitcoin's Ordinals to create a diverse ecosystem across gaming, entertainment, DeFi, and education.

Central to OPAL is the Runes token, $BLIF, now integrated into Darewise's online game, Life Beyond. This marks a crucial move toward integrating crypto into mainstream gaming. 

Yat Siu, Animoca Brands' executive chairman, said: "Building up our presence on the Bitcoin chain through the exciting work of the OPAL Protocol will help to advance our vision of an open metaverse."

One thing's for sure: Animoca and Darewise are not alone in this venture. They are joined by several top-tier partners, such as Xverse, Alex Labs, and Magic Eden. This partnership underscores the platform's goals and commitment to creating a sustainable Web3 ecosystem.

To fuel engagement and innovation, Animoca Brands introduced a Proof of Value Work (PoVW) system, which rewards community members for their contributions. With that, early adopters of the $BLIF token will receive a token grant. Grant holders are expected to play an active role in enhancing the utility of this protocol. 

Yat Siu also highlighted Bitcoin's transformative power for digital culture. "With the advent of Ordinals, Bitcoin made the giant leap from simply being a way to store value to becoming a store of culture for the Web3 age," he said. 

The OPAL Protocol offers developers and builders a chance to join the latest Web3 movement. As it gains momentum, OPAL aims to reform the digital landscape, providing an open platform for creators and users to explore new frontiers in gaming and beyond. 

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Posted: 02 May, 2024 00:08 • Updated: 17 May, 2024 10:35
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