Animoca Game Studio to Launch BTC-Based Metaverse Token, Signaling New Era for Bitcoin

Animoca Brands subsidiary Darewise Entertainment has introduced plans to launch the first-ever metaverse token for the Bitcoin blockchain. The studio says the brand new token goals to energy a full ecosystem on Bitcoin for gaming, manufacturers, 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 second for Bitcoin because it expands past a retailer of worth into powering a strong cultural ecosystem. The Animoca Brands’ startup made the announcement on the Token2049 occasion in Singapore.

The metaverse token will allow options like in-game belongings, digital lands and extra for Life Beyond, Darewise Entertainment’s metaverse venture. Life Beyond represents a brand new frontier for Bitcoin’s capabilities based on Yat Siu, co-founder and government 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 stated.

To notice the launch, Darewise Entertainment is collaborating with Horizen Labs which has prior expertise aiding with blockchain launches. Horizen Labs will present technical companies to construct essential functions and instruments to additional the Ordinals ecosystem on Bitcoin.

Benjamin Charbit, co-founder and CEO of Darewise Entertainment, stated the businesses are simply getting began 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 stated.

Over the following few months, Darewise Entertainment plans to unveil new technological breakthroughs that may energy Life Beyond and different metaverse tasks. The purpose is to make sure sturdy utility exists on the community when the brand new token launches.

What do you consider the metaverse venture being constructed on Bitcoin? Share your ideas and opinions about this topic within the feedback part under.