Animoca Brands Subsidiary to Launch Unique Bitcoin Metaverse Token
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.