A subsidiary of Animoca Brands Raises $3.5 Million for Bitcoin-Based Metaverse Ecosystem
Darewise Entertainment, a subsidiary of Animoca Brands, has successfully raised $3.5 million through a token presale for its upcoming metaverse ecosystem based on Bitcoin’s Ordinals. The funds will be used to develop multiple projects, with Life Beyond being the first to utilize the token. The presale attracted support from gaming investors and web3 venture capital firms such as Gamefi Ventures and London Real Ventures. Benjamin Charbit, the CEO of Darewise, described the funding as a significant vote of confidence in building on the Bitcoin ecosystem.
Release Planned for Early 2024
The token is expected to be released in early 2024 and will receive technical support from Horizen Labs, a blockchain firm specializing in token development and consulting services. Darewise Entertainment, founded by Ubisoft veterans, gained recognition for its sci-fi survival sandbox MMORPG called Life Beyond. The game incorporates non-fungible tokens (NFTs) and a player-driven tokenized economy to enhance user experiences.
Animoca Brands Expands its Presence in the Gaming Industry
Animoca Brands acquired a majority stake of 70% in Darewise Entertainment in April 2022, shortly after acquiring another game development studio called Eden Games. Through these acquisitions, Animoca Brands aims to demonstrate that blockchain-based games can coexist with AAA content, strengthening its position in the gaming industry.
Hot Take: Embracing Bitcoin’s Potential for Gaming
This latest funding success for Darewise Entertainment highlights the growing interest in leveraging Bitcoin’s potential within the gaming sector. By building a metaverse ecosystem on Bitcoin, Darewise aims to create immersive gaming experiences and drive innovation in the industry. With the support of Animoca Brands and other investors, this project showcases the increasing recognition of blockchain technology’s role in shaping the future of gaming.
By
By
By
By
