Hong Kong-based company Animoca Brands has recently launched a new Bitcoin protocol called OPAL. In collaboration with its subsidiary Darewise Entertainment, OPAL aims to establish itself as the leading Bitcoin-based web3 ecosystem, covering gaming, entertainment, DeFi, and education sectors. The protocol will be supported by OPAL’s Runes token BLIF, which is already integrated into Darewise’s MMOG Life Beyond.
OPAL has formed partnerships with various companies including Xverse, Alex Labs, Magic Eden, Open Campus, Enjinstarter, Helika, Horizen Labs, Op3n, Azarus, and Pixelynx. To promote sustainable growth within the ecosystem, Animoca has introduced an initial Proof of Value Work (PoVW) system, rewarding members based on their contributions. Early adopters of BLIF, OPAL’s launch partners, will receive a token grant to encourage their active involvement in enhancing the utility of BLIF during its first year.
Yat Siu, the executive chairman and co-founder of Animoca Brands, expressed his enthusiasm for the OPAL Protocol, stating, “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. 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 in which all people have the opportunity to enjoy digital property rights and benefit from the power of network effects.”
Developers interested in joining the OPAL Protocol and utilizing the BLIF token can apply to become a member through the official website.