Animoca Brands subsidiary Darewise Entertainment has announced plans to launch the first-ever metaverse token for the Bitcoin blockchain. The studio says the new token aims to power a full ecosystem on Bitcoin for gaming, brands, and real-world experiences.
Bitcoin Enters the Metaverse: Darewise and Animoca Brands to Pioneer New Token
Darewise disclosed that the upcoming token marks a pivotal moment for Bitcoin as it expands beyond a store of value into powering a robust cultural ecosystem. The Animoca Brands’ startup made the announcement at the Token2049 event in Singapore.
The metaverse token will enable features like in-game assets, virtual lands and more for Life Beyond, Darewise Entertainment’s metaverse project. Life Beyond represents a new frontier for Bitcoin’s capabilities according to Yat Siu, co-founder and executive chairman of Animoca Brands.
“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,” Siu said.
To realize the launch, Darewise Entertainment is collaborating with Horizen Labs which has prior experience assisting with blockchain launches. Horizen Labs will provide technical services to build important applications and tools to further the Ordinals ecosystem on Bitcoin.
Benjamin Charbit, co-founder and CEO of Darewise Entertainment, said the companies are just getting started exploring Bitcoin’s potential. “To achieve that potential we need to roll up our sleeves and build, and that’s the essence of our partnership with Horizen Labs,” he said.
Over the next few months, Darewise Entertainment plans to unveil new technological breakthroughs that will power Life Beyond and other metaverse projects. The goal is to ensure robust utility exists on the network when the new token launches.
What do you think about the metaverse project being built on Bitcoin? Share your thoughts and opinions about this subject in the comments section below.
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