Animoca Brands collaborates with Darewise to launch the Opal Bitcoin initiative, delving deeper into the Bitcoin universe, as reported by Metaverse Post.
In Brief
In a strategic move, Animoca Brands has joined forces with Darewise to introduce the OPAL protocol, marking their venture into the Bitcoin landscape.
A game development and venture capital firm, Animoca Brands is based in Hong Kong. Animoca Brands announced its collaboration with Darewise The company is focusing on Bitcoin-supported metaverse projects, particularly the Opal Bitcoin initiative. OPAL protocol The Opal Bitcoin is expected to grow into a comprehensive Web3 ecosystem, incorporating elements of gaming, entertainment, decentralized finance (DeFi), education, and cultural engagement. Animoca Brands has indicated that all forthcoming Bitcoin-related ventures will collaborate closely with Opal Bitcoin. Key partners in this initiative include other significant players in the field.
Yat Siu, executive chairman and co-founder of Animoca Brands, noted that the emergence of Ordinals has transformed Bitcoin from just a value store into a cultural repository for the era of Web3. The company's efforts in leveraging the OPAL Protocol will enhance its presence on the Bitcoin blockchain, advancing its vision of a metaverse that is inclusive and accessible, offering digital property rights and fostering beneficial network effects. Magic Eden , Xverse, ALEX, and Horizen Labs .
Bitcoin is gearing up for the Web3 revolution with the OPAL Protocol, which encompasses education and cultural initiatives built on the Bitcoin foundation.
News
Additionally, the protocol introduces the 'Proof of Valuable Work' concept, designed to incentivize ecosystem partners based on their contributions and the value they deliver to users. This is at the heart of 'Value-nomics', which focuses on enriching the ecosystem's value through collaborative efforts, thereby enhancing the BLIF token's worth.
The company has reiterated its commitment to nurturing sustainable ecosystems, where the OPAL Protocol's 'Proof of Valuable Work' framework rewards contributors based on their impact, fostering growth within the ecosystem and pushing towards the protocol’s long-range objectives. News Report Please be aware that the content on this page is not meant to function as legal, tax, investment, financial, or any other sort of advice. It’s crucial to only invest what you can afford to lose and to seek independent financial guidance if uncertainties arise. For more information, please review the terms and conditions and the help resources provided by the issuer or advertiser. MetaversePost strives for accurate and impartial reporting, yet market conditions may shift without notice.
Alisa, a committed journalist at Cryptocurrencylistings, focuses on cryptocurrency, zero-knowledge proofs, investments, and the ever-expanding world of Web3. With a talent for spotting trends and innovations, she provides detailed insights to keep readers informed and engaged in the rapidly changing realm of digital finance.
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