Animoca Brands Subsidiary to Launch Unique Bitcoin Metaverse Token

Crypto News
Crypto News

17 Sep 2023 4:00 PM

Animoca Brands, a prominent player in the crypto gaming and metaverse investment space, has announced plans to launch a metaverse ecosystem token on the Bitcoin (BTC) network....

  • 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.

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You May Ask

What is the purpose of the metaverse ecosystem token being launched by Animoca Brands?How will the Ordinals protocol allow users to interact with the Bitcoin network?What role will the Bitcoin-based metaverse token play in the upcoming game Life Beyond?Who is Darewise Entertainment collaborating with to bring the Bitcoin token to fruition?What challenges does the initiative face in establishing a Bitcoin gaming ecosystem?

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