Darewise Entertainment, a subsidiary of Animoca Brands, announced a successful pre-sale event on October 17, 2023, raising $3.5 million ahead of the launch of the Bitcoin metaverse ecosystem token. The funds are earmarked for 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 September 14, 2023 revelation of the launch of a new ecosystem token on the Bitcoin blockchain, with Life Beyond as the first user.
The pre-sale included major gaming investors and Web3 venture capital entities such as Gamefi Ventures, London Real Ventures, Citizen Capital, Blocore, Animoca Ventures and Yat Siu, the co-founder and executive chairman of Animoca Brands. The wide range of investors from the gaming and Web3 culture indicates robust confidence in Darewise’s project, which resonates with the innovative integration of the Bitcoin ecosystem for a new digital experience.
The token, yet to be launched by Darewise, is expected to power a comprehensive ecosystem on the Bitcoin blockchain, spanning gaming, brand collaborations and In Real Life (IRL) experiences. Life Beyond will pioneer the use of the token, facilitating transactions for in-game assets and virtual lands, among other things. The ecosystem token is expected to be released in early 2024, with Horizen Labs, a notable technology provider that previously orchestrated the launch of ApeCoin, providing strategic support.
James Lim, Founder of Blocore, explained their investment decision, saying: “We invested in Darewise and Life Beyond because we are attracted to the pioneering integration of the Bitcoin ecosystem and an immersive experience that promises to transform the landscape of digital exploration and connectivity to reshape. Similarly, a spokesperson for Citizen Capital, the official venture capital arm of NEO Tokyo, expressed their enthusiasm as early investors alongside Animoca Brands, highlighting the game’s impressive artwork, robust lore, and the promising team behind it.
Benjamin Charbit, CEO of Darewise, recognized the importance of this round and welcomed investors who believe in their project and values. He highlighted the broad spectrum of investors as a strong indicator of confidence in building on the Bitcoin ecosystem.
With the new Darewise ecosystem token expected to hit the market in early 2024, and with the support of Horizen Labs, the stage is set for an innovative gaming metaverse anchored on the Bitcoin blockchain. The CEO, investors and the broader gaming community are waiting with bated breath as Darewise’s project paves the way for a new realm of digital interaction and economic transactions within the gaming world.
Prior to Darewise Entertainment’s successful fundraising of $3.5 million for its Bitcoin metaverse ecosystem, another subsidiary of Animoca Brands, Forj, had taken a major step to propel the ApeCoin ecosystem by launching the $APE Accelerator. This initiative aims to underwrite and fund projects, thereby strengthening the usefulness and value of ApeCoin. The accelerator is a testament to the broader goal within Animoca Brands’ network to advance blockchain-centric innovation across digital domains. The successive efforts of Forj and Darewise Entertainment highlight a structured approach by Animoca Brands to leverage and support blockchain technology, enriching the gaming and Web3 spaces respectively.
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