Animoca Brands Teams Up With Darewise To Launch Opal Bitcoin Project, Expanding Into Bitcoin Realm

What Is The OPAL Protocol?

The OPAL protocol is a decentralized ecosystem operating on the Bitcoin network, fueled by the rune token BLIF. Its overarching vision is to offer immersive experiences while maintaining connectivity with Bitcoin’s real-world value.

BLIF is a token bridging the gap between BRC-20, Runes, and Wrapped ERC-20 standards. Acting as the foundational asset, it will unify all participants within the ecosystem, functioning both as a medium of exchange for digital goods and services and as a governance token.

Furthermore, the protocol introduces the concept of “Proof of Valuable Work,” which incentivizes ecosystem partners based on the value and benefits they provide to users. Central to this concept is “Value-nomics,” which aims to boost the ecosystem’s value through network effects, consequently enhancing the value of the BLIF token.

The company has emphasized that it is committed to fostering sustainable ecosystems, where the OPAL protocol’s “Proof of Valuable Work” model will reward ecosystem participants according to their contributions, bolstering the ecosystem and advancing the protocol’s long-term vision.

About The Author

Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

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Alisa Davidson

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Alisa, a dedicated journalist at the MPost, specializes in cryptocurrency, zero-knowledge proofs, investments, and the expansive realm of Web3. With a keen eye for emerging trends and technologies, she delivers comprehensive coverage to inform and engage readers in the ever-evolving landscape of digital finance.

• 
  
  

More articles