Animoca Brands Subsidiary Ventures into Bitcoin-Powered Metaverse Ecosystem

In a groundbreaking move, Animoca Brands, a major player in the crypto gaming and metaverse investment space, has announced plans to launch a pioneering metaverse ecosystem token on the Bitcoin platform.

This innovative venture is spearheaded by Darewise Entertainment, a subsidiary of Animoca Brands, known for its upcoming metaverse game, Life Beyond. The project leverages the cutting-edge Bitcoin Ordinals protocol, enabling users to inscribe NFT-like assets to the blockchain and create BRC-20 tokens on Bitcoin.

Creating an All-Encompassing Bitcoin-Powered Metaverse

Darewise Entertainment's ambitious vision encompasses a comprehensive metaverse ecosystem, integrating gaming, brand partnerships, real-world experiences, and more. At the forefront of this endeavor is Life Beyond, a highly anticipated metaverse game set to revolutionize in-game assets, virtual lands, and beyond. This marks a significant step towards the integration of Bitcoin into the metaverse landscape.

Collaboration with Horizen Labs: The Birth of a Bitcoin Token

To bring this vision to life, Darewise Entertainment will collaborate with Horizen Labs, the team behind the successful ApeCoin on Ethereum. The partnership aims to develop the smart contract and token strategy necessary for the Bitcoin-based metaverse token. This collaboration follows Darewise's previous success in releasing gaming NFTs on the Polygon network.

Bitcoin Ordinals: Redefining Digital Asset Inscriptions

Central to this initiative is ordinal inscriptions, which archive digital assets down to a single satoshi, the smallest unit of Bitcoin (1/100,000,000 BTC). While trading activity around these virtual artifacts has seen fluctuations, the introduction of Bitcoin Ordinals opens up new possibilities, including the development of a social graph and a broader Bitcoin metaverse ecosystem.

A Paradigm Shift: Bitcoin Beyond a Store of Value

Benjamin Charbit, Co-founder and CEO of Darewise Entertainment, emphasizes the transformative potential of Bitcoin. He envisions a future where Bitcoin transcends its current role as a store of value, indicating that we are still in the early stages of realizing its full capabilities.

Animoca Brands: Pioneering Metaverse Initiatives

With investments in hundreds of companies and projects, Animoca Brands has emerged as a leading force in the metaverse space, boasting a valuation of $5.9 billion as of September 2022. The company's portfolio includes various NFT-based games, such as the popular Ethereum metaverse game, The Sandbox.

Life Beyond Studios and the Mocaverse: Collaborative Prospects

Clarifying the relationship between the Bitcoin metaverse token and The Mocaverse, Robby Yung, CEO of Animoca Brands, highlights that while they are distinct initiatives, Life Beyond Studios remains an integral part of the larger project. He anticipates further collaborations between the AAA universe being developed and the broader Mocaverse ecosystem.

In conclusion, Animoca Brands' foray into the Bitcoin-powered metaverse through Darewise Entertainment's innovative use of Bitcoin Ordinals represents a significant leap forward in the integration of blockchain technology with virtual worlds. As the project evolves, it promises to redefine how we interact with digital assets in the metaverse, unlocking a new realm of possibility for gamers, creators, and enthusiasts alike.