Animoca Brands Subsidiary to Launch Unique Bitcoin Metaverse Token

• Animoca Brands plans to launch a metaverse ecosystem token on the Bitcoin network.
• The token will be developed through the Ordinals protocol by Darewise Entertainment, a subsidiary of Animoca Brands.
• Darewise Entertainment aims to establish a metaverse ecosystem centered around Bitcoin Ordinals, allowing users to record NFT-like assets on the blockchain and create BRC-20 tokens on the Bitcoin network.
• The upcoming game, Life Beyond, will incorporate the Bitcoin-based metaverse token for in-game assets and virtual lands.
• The token will serve as the primary currency within Life Beyond for transactions involving in-game assets and virtual lands.
• Darewise Entertainment will collaborate with Horizen Labs, known for its expertise in smart contract development and token strategies, to bring the Bitcoin token to fruition.
• Challenges ahead include demonstrating the viability and scalability of a Bitcoin gaming ecosystem.
• Luxury brands like Prada and Panerai are also turning to NFTs to ensure product authenticity.

The overall sentiment of the article is positive, highlighting the potential of the Bitcoin-based metaverse token and the collaboration between Animoca Brands, Darewise Entertainment, and Horizen Labs.