Animoca Brands has announced the launch of a gaming token on the Bitcoin network

The Hong Kong venture capital company Animoca Brands, with the participation of Opal Protocol and Saakuru Labs, is launching the BLIF token. The issuer promises that it will be a native coin of the ecosystem of Web3 games, entertainment and decentralized finance on the Bitcoin network.

According to the official announcement of Animoca Brands, the BLIF token created on the Runes standard will become an asset of the Opal Protocol project. The initiative is supported by Magic Eden, Xverse, Horizontlabs and ALEX platforms. 

Vincent, Director of Investment Products at Darewise Vincent Marty admits that the conglomerate of firms will try to gain a share in the Web3 market, the capitalization of which is expected to grow from $3.19 billion in 2024 to $16.3 billion in 2028.

Animoca Brands announced a partnership with the Saakuru Labs project, which is developing the Saakuru second-level network. Task: development of Web3 games.

Earlier, Animoca Brands announced that thanks to investments in the TON Network, it has become the largest validator of the blockchain platform.