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Animoca Brands' Darewise Launches First Metaverse Ecosystem Token on Bitcoin

Darewise Entertainment, a subsidiary of Animoca Brands is partnering with Horizen Labs to launch a first-of-its-kind Bitcoin metaverse token

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Darewise Entertainment, a subsidiary of Animoca Brands, has partnered with Horizen Labs to launch the first-ever metaverse token for the Bitcoin ecosystem.

Horizen Labs will bring its smart contracting and token strategy expertise that it lent to the launch of ApeCoin (APE) to Darewise Entertainment, the visionary force behind the Life Beyond Gaming Metaverse.

As a first of its kind, the new token will power a full ecosystem on Bitcoin for gaming, brands, and IRL experiences. Life Beyond will be the first gaming metaverse to utilize the token for in-game assets, virtual lands, and more. 

"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,"​ Animoca Brands co-founder Yat Siu said.

Horizen Labs will offer technical services including tokenomics and the development of applications to enhance the Ordinals ecosystem.

"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," Siu continued.​

Benjamin Charbit, co-founder and CEO Darewise Entertainment, added, “We're still in the early innings, but the potential for Bitcoin to become more than just a store of value is immense. 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.”