Bitcoin-based ecosystem secures $3.5m funding, as Life Beyond developer flourishes
An affiliate of Animoca Brands intends to construct a metaverse ecosystem on the Bitcoin platform for gaming, brands, and in-game purchases. Darewise Entertainment, a French game developer that operates under the umbrella of Animoca Brands, has successfully raised $3.5 million through a token presale for its forthcoming metaverse ecosystem based on Bitcoin’s Ordinals. According to a blog post on October 17th, Animoca Brands stated that the token will be utilized in various projects, with Life Beyond set to be the first to employ it. The token received support from gaming investors and web3 venture capital firms such as Gamefi Ventures, London Real Ventures, Citizen Capital, Blocore, Animoca Ventures, and Yat Siu, the co-founder and executive chairman of Animoca Brands. Benjamain Charbit, the CEO of Darewise, referred to the funding as a “significant indicator of confidence” among investors in the potential of the Bitcoin ecosystem. The token is projected to be launched in early 2024 with the assistance of Horizen Labs, a blockchain company that offers technical token, development, and consulting services for Darewise. Darewise is most well-known as a game development studio founded by former Ubisoft employees that created a science fiction survival sandbox MMORPG known as Life Beyond. The project employs non-fungible tokens (NFTs) and a player-driven tokenized economy to deliver immersive experiences. In April 2022, Animoca Brands acquired 70% of Darewise’s shares, shortly after acquiring another game development studio, Eden Games. Through these acquisitions, Animoca Brands aims to demonstrate that blockchain-based games can coexist with AAA content.
