Animoca Brands, a major player in the crypto gaming and metaverse investment space, is set to introduce a metaverse ecosystem token on the Bitcoin (BTC) network. This move marks a significant development in the integration of Bitcoin into the metaverse and gaming industries. Here’s what you need to know:
Animoca Brands will create this metaverse token using the Ordinals protocol, a project developed by Darewise Entertainment, a subsidiary of Animoca Brands. Darewise Entertainment, also known as Life Beyond Studios, has a vision to establish a robust metaverse ecosystem centered around Bitcoin Ordinals. This protocol enables users to record NFT-like assets on the blockchain and create BRC-20 tokens on the Bitcoin network.
Life Beyond: The Pioneer
Darewise Entertainment’s upcoming game, Life Beyond, will be one of the first to incorporate the newly introduced Bitcoin-based metaverse token for in-game assets and virtual lands. While the studio had previously released gaming NFTs on the Polygon scaling network, this venture marks its entry into the Bitcoin ecosystem. The token will function as the primary currency within the Life Beyond game, facilitating transactions related to in-game assets and virtual lands.
Yat Siu, co-founder and executive chairman of Animoca Brands, described the Ordinals protocol as a pivotal moment for Bitcoin, extending its reach and introducing the concept of culture. High-quality gaming is considered one of the keys to mass adoption, and Animoca Brands is enthusiastic about its AAA studio Darewise Entertainment exploring this untapped opportunity in partnership with Horizen Labs, a renowned player in the field of blockchain technology.
Collaboration with Horizen Labs
Darewise Entertainment will collaborate with Horizen Labs, a company known for its expertise in smart contract development and token strategies. Horizen Labs played a role in creating ApeCoin (APE), 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.
While there are challenges ahead in demonstrating the viability and scalability of a Bitcoin gaming ecosystem, Vincent Marty, Chief Product Officer at Darewise Entertainment, emphasized their commitment to exploring Bitcoin’s potential in the 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.
Stay Tuned for the Bitcoin Metaverse Token
The introduction of a Bitcoin metaverse token represents an exciting development in the world of gaming, metaverses, and cryptocurrency. Stay tuned for more updates on this innovative project and its impact on the digital landscape. The fusion of Bitcoin with the metaverse opens up new possibilities and experiences for users worldwide.
