Animoca Brands subsidiary debuts Bitcoin’s first Metaverse token

Darewise Entertainment, a subsidiary of Animoca Brands and the visionary force behind the Life Beyond Gaming Metaverse, unveiled their strategic partnership with Horizen Labs on September 14 to advance its mission of launching the first-ever metaverse token for the Bitcoin ecosystem.

This partnership marks a significant step for the expansion of Bitcoin by tapping into the gaming sector.

The upcoming token launched by Darewise Entertainment will be the first of its kind to power a full ecosystem on Bitcoin for gaming, brands, and IRL experiences, and Life Beyond is the first gaming metaverse set to use the token for in-game assets, virtual lands, and more.

Horizen Labs, a blockchain advisory firm that also develops tokenized experiences, will provide technical token development and consulting services to Darewise Entertainment. The joint endeavor aims to create a groundbreaking metaverse token that will power a comprehensive ecosystem on Bitcoin, serving gaming, brands, and real-life experiences.

Life Beyond, the sci-fi MMO (Massively Multiplayer Online) being developed by Darewise Entertainment, whose team comprises AAA gaming veterans, will be among the first metaverses to employ this innovative token. It is expected to be used for various in-game assets, virtual land ownership, and much more, the press release stated.

“With the advent of the Ordinals protocol, we’re witnessing a pivotal moment for Bitcoin as it extends its reach and introduces the concept of culture. High-quality gaming is one of the keys to mass adoption, and we’re thrilled that our AAA studio Darewise Entertainment is working on this untapped opportunity in partnership with Horizen Labs, a pioneer and expert in its field,” said Yat Siu, the co-founder and executive chairman of Animoca Brands.

Benjamin Charbit, co-founder and CEO of Darewise Entertainment, emphasized Bitcoin’s potential to become something more than a “store of value.”

“We’re still in the early innings…To achieve that potential, we need to roll up our sleeves and build, and that’s the essence of our partnership with Horizen Labs. We’re joining forces to contribute to the foundational infrastructure that the Bitcoin ecosystem needs to truly flourish. This is about collaboration, community, and contributing to a collective effort that could redefine the digital landscape.”

Throughout the partnership, Horizen Labs will play a pivotal role in offering technical services, consultation on tokenomics, and developing essential tools and applications to further the Ordinals ecosystem.

“Over the next few months, we will unveil a lot of technological breakthroughs we have been working on that will power not only Life Beyond Chapter 1 in 2024 but also metaverses and games around the world. We are working tirelessly to ensure we have genuine utility in this ecosystem when our token is launched,” said Vincent Marty, chief product officer at Darewise Entertainment.

Earlier this month, Animoca announced that it raised $20 million to advance its Mocaverse project. The investment round was led by CMCC Global and included contributions from Yat Siu himself, in addition to GameFi Ventures, Liberty City Ventures, and Kingsway Capital.

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