A branch of Animoca Brands is set to construct a metaverse environment on Bitcoin focusing on gaming, brands, and various in-game purchases.
French game developer Darewise Entertainment, a subsidiary of Animoca Brands, has successfully raised $3.5 million through a token presale for its upcoming Bitcoin (BTC) Ordinals-based metaverse ecosystem. According to a blog post on Oct. 17, Animoca revealed that the token will be utilized in multiple projects, with Life Beyond being the first one to utilize it.
This token received support from gaming investors and web3 venture capital firms such as Gamefi Ventures, London Real Ventures, Citizen Capital, Blocore, Animoca Ventures, and Yat Siu, the co-founder and executive chairman of Animoca Brands. Darewise CEO Benjamin Charbit described the funding as a clear display of investors’ confidence in building within the Bitcoin ecosystem.
The token is anticipated to be launched in early 2024 with the assistance of Horizen Labs, a blockchain company offering technical token, development, and consulting services for Darewise.
Darewise is recognized primarily as the game development studio established by former Ubisoft employees, known for creating a sci-fi survival sandbox MMORPG named Life Beyond. The project incorporates non-fungible tokens (NFTs) and a player-driven tokenized economy to deliver immersive gaming experiences.
Animoca Brands acquired 70% of Darewise’s shares in April 2022, shortly after acquiring another game development studio, Eden Games. This move by Animoca Brands aims to showcase that blockchain-based games can coexist with high-quality AAA content.
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