The Metaverse Lives On: Darewise Entertainment Raises $3.5 Million in Token Presales
Despite rumors of its demise, the metaverse is still very much alive, and venture capital continues to pour into companies developing this next generation of gaming experiences. Darewise Entertainment, the developer behind “Life Beyond,” recently announced that it has raised $3.5 million in token presales.
Darewise Entertainment CEO Benjamin Charbit expressed excitement about the investors who believe in their project and values, coming from both the gaming and Web3 culture. The funding round signifies confidence in building on the Bitcoin ecosystem.
About “Life Beyond”
“Life Beyond” is an open-world sci-fi game where players strive to build a new civilization powered by NFTs and a tokenized digital economy. The Darewise token, developed in collaboration with Horizon Labs, the team behind ApeCoin (APE), will launch early next year.
Darewise Entertainment’s Vision
Established in 2018, Darewise Entertainment aims to create a metaverse ecosystem centered around Bitcoin Ordinals. This protocol allows users to “inscribe” images, text, and even video games onto the Bitcoin blockchain and create BRC-20 tokens. Ordinal inscriptions are digitally recorded assets tied to a single satoshi, the smallest unit of Bitcoin.
Investors in the token sale include Gamefi Ventures, London Real Ventures, Citizen Capital, Blocore, and Animoca Ventures—a subsidiary of Animoca Brands. Darewise Entertainment plans to integrate gaming and brands, real-world experiences, and more into its metaverse, with the Darewise token serving as the native currency.
The Potential of the Metaverse
The metaverse represents a future version of the internet—a persistent, shared virtual world where people interact as 3D avatars. Hong Kong-based Animoca Brands, founded in 2014 and valued at $5.9 billion as of September 2022, is the parent company of Darewise Entertainment. Animoca Brands is known for The Sandbox, a popular Ethereum-based open-world video game that has attracted high-profile celebrities like Snoop Dogg and Paris Hilton.
While Bitcoin may not be the obvious choice for open-world gaming and digital collectibles, enthusiasts view it as an ideal platform for building a connected universe. James Lim, founder of Blocore, stated that they invested in Darewise and “Life Beyond” due to its pioneering integration of the Bitcoin ecosystem and immersive experience that will reshape digital exploration and connectivity.
Hot Take: The Metaverse Continues to Thrive
The reports of the death of the metaverse have been greatly exaggerated. With Darewise Entertainment raising $3.5 million in token presales for “Life Beyond,” it is evident that venture capital is still flowing into the development of this next generation of gaming experiences. The integration of Bitcoin into the metaverse ecosystem shows promise and confidence in creating a connected virtual world. As we look towards the future, the metaverse holds tremendous potential for reshaping how we interact online, opening up new possibilities for immersive experiences and digital economies.
By
By
By
By
