Blockcrux
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Reading: Animoca Brands to Launch Metaverse Ecosystem Token on Bitcoin Network
Share
Font ResizerAa
BlockcruxBlockcrux
Search
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Blockcrux
  • News
    • Blockchain
    • Regulations
    • AI
    • Scams
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoin
  • Web3
    • NFT
    • DeFi
  • Press Release
  • Learn
  • Contact
    • Advertising
    • Submit Press Release
Reading: Animoca Brands to Launch Metaverse Ecosystem Token on Bitcoin Network
Share
Follow US

Home - Animoca Brands to Launch Metaverse Ecosystem Token on Bitcoin Network

BitcoinGeneral NewsMetaverseNews

Animoca Brands to Launch Metaverse Ecosystem Token on Bitcoin Network

Mridul Srivastava
By Mridul Srivastava September 18, 2023 182 Views
Share
Animoca Brands to Launch Metaverse Ecosystem Token on Bitcoin Network
Animoca Brands to Launch Metaverse Ecosystem Token on Bitcoin Network
SHARE

Animoca Brands is launching a Bitcoin-based metaverse token for its game Life Beyond, aiming to integrate cryptocurrency into gaming and luxury brands’ interest in NFTs.

Contents
Bitcoin Ordinals and the MetaverseCollaboration with Horizen LabsChallenges and PromisesTo Sum it All Up….

  • Animoca Brands announces the development of a metaverse token via its subsidiary Darewise Entertainment.
  • The token will be part of the Bitcoin Ordinals protocol, enabling NFT-like assets and BRC-20 tokens on the Bitcoin network.
  • Partnership with Horizen Labs to provide technical expertise for the venture.
  • The token will serve as the primary currency in the upcoming game, Life Beyond.

In a recent press release, Animoca Brands, a prominent player in the crypto gaming and metaverse investment space, has announced its plans to launch a metaverse ecosystem token on the Bitcoin network. This token will be developed through the Ordinals protocol by Darewise Entertainment, a subsidiary of Animoca Brands.

#Bitcoin #Metaverse Token Coming From Animoca Game Studio

This week, Animoca Brands, a prominent player in the crypto gaming and metaverse investment space, revealed its ambitious plans through one of its subsidiary companies. Their objective is to introduce an unprecedented… pic.twitter.com/KJXtAzpvNB

— FMCPAY (@FMCPay) September 17, 2023

Bitcoin Ordinals and the Metaverse

Darewise Entertainment, also known as Life Beyond Studios, aims to establish a metaverse ecosystem centered around Bitcoin Ordinals. This protocol allows users to record NFT-like assets on the blockchain and create BRC-20 tokens on the Bitcoin network. The studio envisions immersive gaming experiences, brand integrations, real-world connections, and more within the metaverse.

Their upcoming game, Life Beyond, will be among the first to incorporate the newly introduced Bitcoin-based metaverse token for in-game assets and virtual lands. While Life Beyond has previously released gaming NFTs on the Polygon scaling network, this venture marks its foray into the Bitcoin ecosystem.

The token will serve as the primary currency within Life Beyond, facilitating transactions involving in-game assets and virtual lands.

Collaboration with Horizen Labs

To bring the Bitcoin token to fruition, Darewise Entertainment will collaborate with Horizen Labs, a company known for its expertise in smart contract development and token strategies. Horizen Labs previously contributed to the creation of ApeCoin, an Ethereum-based token associated with the popular Bored Ape Yacht Club NFT project.

Darewise Entertainment will receive technical and consultation support from Horizen Labs, leveraging their expertise in zero-knowledge cryptography.

Challenges and Promises

There are still challenges ahead for this initiative, including demonstrating the viability and scalability of a Bitcoin gaming ecosystem. However, Vincent Marty, Chief Product Officer at Darewise Entertainment, expressed their commitment to testing Bitcoin’s potential in a rapidly evolving digital landscape. They promised forthcoming technological advancements that will impact not only Life Beyond but also metaverses and games on a global scale.

To Sum it All Up….

Animoca Brands’ venture into the NFT market comes at a time when luxury brands are increasingly turning to NFTs to ensure the legitimacy of their products. Prada Group, the parent company of Miu Miu, has launched blockchain services in collaboration with the Aura Blockchain Consortium to allow customers to verify the authenticity of their purchased products.

Similarly, Italian luxury watch manufacturer Panerai has revealed plans to include an NFT-based “digital passport” with every watch sold after October 3.

Animoca Brands’ introduction of a metaverse ecosystem token on the Bitcoin network demonstrates the growing intersection of cryptocurrency, gaming, and the luxury industry.

TAGGED:Animoca BrandsBitcoinMetaverse
Share This Article
Facebook Twitter Email Print

PRESS RELEASE

Boost your crypto trading game and grow passive income with ValueZone

Kaspa Investors Join Mpeppe (MPEPE) Pre-Sale Before It Rallies 3000%
Memoria, the Decentralized Platform Uniting Gaming and Memes, Announces Project Launch
CryptoHeap Launches Innovative Crypto Staking Platform Offering Seamless and Profitable Investment Experience
BFF Gram Brings forth Revolutionary Tokenomics System

LATEST NEWS

Top 5 Best Crypto Presales: This Coin Leading the Way to Turn $100 into $2,000 by 2025!

Top 5 Best Crypto Presales: This Coin Leading the Way to Turn $100 into $2,000 by 2025!

Toby Toby December 27, 2024
Bitcoin Spot Trading Hits a 6-Year Low; Is HODLing the New Trend?
Argentina Cracks Down on Payment Apps and Bans Crypto Transactions
Prolific Game Studio Announces the Launch of $PRO Coin on The Open Network
Everything You Need To Know About NFTs In 2021
Blockcrux Logo blockcrux logo

About Blockcrux

Blockcrux is a web3 news publisher dedicated to delivering the latest, most accurate insights into blockchain and decentralized technologies. Covering everything from cryptocurrencies to NFTs and DeFi, it offers uncensored, real-time news, embodying the transparency and democracy inherent in the web3 ecosystem.

News

  • Blockchain
  • Crypto
  • Web3
  • AI

Help

  • Contact
  • Advertising
  • Submit Press Release
  • Privacy Policy

© Blockcrux News Network. All Rights Reserved.

Follow US on Socials

Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?

Last Updated on September 18, 2023 by Mridul Srivastava