Animoca Brands Enters Bitcoin Ecosystem with Opal Foundation: Building the Largest Web3 Ecosystem

Animoca Brands, a Hong Kong-based game software company, is making waves in the Bitcoin ecosystem with the Opal Foundation. The company announced their plans to build the Largest Web3 Ecosystem using the Opal Protocol, marking a significant move towards integrating Bitcoin into various sectors such as gaming, entertainment, Defi, education, and culture.

The initiative, spearheaded by Animoca Brands and Darewise, aims to leverage the Opal Protocol and the BLIF token to create a diverse and innovative ecosystem on the Bitcoin chain. This move is seen as a pivotal step in Bitcoin’s evolution from a store of value to a “store of culture” for the Web3 age.

Yat Siu, the executive chairman and co-founder of Animoca Brands, emphasized the importance of digital property rights and network effects in the open metaverse that they envision building on the Bitcoin chain. The company has already attracted six of its portfolio companies to join as Genesis members, signaling a strong start to their ambitious project.

The Opal Protocol, initiated in 2024, is positioned as a decentralized ecosystem protocol on Bitcoin, powered by BLIF. The protocol aims to harmonize various sectors such as finance, entertainment, education, and decentralized governance in a globally accessible digital realm. With over 276,000 followers on Twitter, the Opal Foundation has already garnered significant attention and support for its upcoming launch.

As Animoca Brands leads the charge in integrating Bitcoin into the Web3 ecosystem, they invite other companies to join the movement by becoming OPAL members and building with BLIF. The Opal Protocol and the BLIF token are set to play a crucial role in shaping the future of Bitcoin and unlocking new possibilities for innovation and collaboration in the digital space.