Animoca Brands has announced their plans to enter the Bitcoin ecosystem by leveraging the Opal Protocol, with the goal of developing the largest Web3 ecosystem that encompasses gaming, entertainment, DeFi, education, and culture. This move has been initiated in partnership with Darewise, a metaverse technology platform.
The Opal Protocol is a decentralized ecosystem protocol built on Bitcoin and driven by BLIF, the Opal Protocol Runes token. It aims to harmonize various domains such as finance, entertainment, education, and governance within the Web3 universe. This partnership between Animoca Brands and Darewise marks a significant step towards realizing this vision.
Yat Siu, the executive chairman and co-founder of Animoca Brands, highlighted the shift of Bitcoin from a mere store of value to a “store of culture” in the Web3 age. This is made possible by ordinals, which are digital assets that represent ownership or control of a specific asset or property within the metaverse. By developing on the Bitcoin chain via the Opal Protocol, Animoca Brands aims to promote digital property rights and benefit from network effects, enhancing the open metaverse concept.
