According to PANews, Animoca Brands has announced its plans to venture into the Bitcoin sector. The move will be supported by the BLIF token and initiated by Darewise and Animoca Brands through the OPAL Protocol. The OPAL Protocol is set to become a Web3 ecosystem for Bitcoin-based games, entertainment, Defi, education, and culture. The BLIF token will serve as the rune token for the OPAL Protocol, providing support for a truly digital life in the Bitcoin and broader fields.

Six companies from the Animoca Brands investment portfolio have already become founding members. Furthermore, all future Bitcoin-based projects of Animoca Brands will collaborate with the OPAL Protocol, laying a solid foundation for cooperation. Among these, the flagship project and AAA multiplayer online game Life Beyond, supported by BLIF, will play an exemplary role. Other significant members that have joined the initiative include Magic Eden, Xverse, ALEX, and Horizen Labs.

Yat Siu, Executive Director and Co-founder of Animoca Brands, stated that the emergence of Ordinals has enabled Bitcoin to make a significant leap from merely being a store of value to becoming a cultural store in the Web3 era. Establishing their presence on the Bitcoin chain through the OPAL Protocol will help advance their vision of an open metaverse where everyone has the opportunity to enjoy digital property rights and benefit from the power of network effects.