Animoca Brands subsidiary Darewise Entertainment Secures US$3.5M for Bitcoin Metaverse Ecosystem Token
blockchain.newsDarewise Entertainment, a subsidiary of Animoca Brands, announced on 17 October 2023, a successful pre-sale event, accumulating US$3.5 million ahead of its Bitcoin metaverse ecosystem token launch. The funds are slated for the further development of the Bitcoin metaverse ecosystem under Darewise's initiative, with a particular focus on their upcoming «AAA» MMO game, Life Beyond. This announcement follows the revelation made on 14 September 2023, regarding the launch of a new ecosystem token on the Bitcoin blockchain, with Life Beyond as its inaugural adopter.
The pre-sale saw participation from key gaming investors and Web3 venture capital entities like Gamefi Ventures, London Real Ventures, Citizen Capital, Blocore, Animoca Ventures, and Yat Siu, who is the co-founder and executive chairman of Animoca Brands. The wide array of investors from the gaming and Web3 culture signifies a robust confidence in Darewise's project, resonating with the innovative integration of the Bitcoin ecosystem for a new digital experience.
The token, yet to be launched by Darewise, is envisaged to power a comprehensive ecosystem on the Bitcoin blockchain, encompassing gaming, brand collaborations, and In Real Life (IRL) experiences. Life Beyond is set to pioneer the utilization of the token, facilitating transactions for in-game assets, virtual lands, among other features. The ecosystem token is anticipated to be released in early 2024 with Horizen Labs, a notable technology provider who had earlier orchestrated the launch of ApeCoin, providing strategic support.
James Lim, the founder of Blocore, elucidated their investment decision stating, «We invested in Darewise and Life Beyond because we are drawn by its pioneering integration of the
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