Crypto gaming and metaverse investment giant Animoca Brands, through one of its subsidiaries, this week announced plans to launch a first of its kind Metaverse Ecosystem tokens Bitcoin about the Ordinal numbers Protocol.
Game studio Darewise Entertainment (also known as Life Beyond Studios), a subsidiary of Animoca, aims to create an all-encompassing Metaverse ecosystem based on it Bitcoin ordinals– a protocol that allows users to onboard and create NFT-like assets on the blockchain BRC-20 tokens on Bitcoin.
The studio’s Metaverse plan includes Gaming, brand integrations, real experiences and more. Darewise is the studio behind it Life beyond, an upcoming Metaverse game featuring NFTs. It will be the first game to implement the newly announced Bitcoin-based Metaverse token for in-game assets, virtual lands, and more.
To create the upcoming Bitcoin token, Darewise will work with Horizen Labs, the company that helped develop the smart contract and token strategy ApeCoin (APE) – the ether-based token tied to the Bored Ape Yacht Club NFT project. Life Beyond has already released gaming NFTs on the Ethereum scaling network Polygon.
“I am very pleased that our Life Beyond Studios is pioneering the use of Bitcoin ordinals,” said the CEO of Animoca Brands Robby Yung told Decipher.
Yung added that continuous innovation is a hallmark of Web3 Industry and with the emergence of Ordinals this year, it is only fitting that Animoca is looking to raise the bar in its application.
Order inscriptions are digital assets that are digitally archived in a single satoshi, the smallest denomination of one Bitcoin (1/100,000,000 BTC). Although there is trading activity surrounding these virtual artifacts down New products have been popping up constantly over the past few months, including a social diagram and another planned Bitcoin metaverse ecosystem.
“It’s still early days, but Bitcoin’s potential to become more than just a store of value is enormous,” Benjamin Charbit, co-founder and CEO of Darewise Entertainment, said in a statement.
Animoca Brands is a major player in the Metaverse space and has invested in hundreds of companies and projects, achieving a net valuation of $5.9 billion as of September 2022.
The company also releases various NFT-based games, including the Ethereum Metaverse game The sandbox. Animoca recently raised $20 million in funding for his new Metaverse project The Mocaverse, one of many such gaming initiatives under his umbrella.
Yung explained Decipher that the Bitcoin Metaverse token is “separate from the Mocaverse, although Life Beyond Studios is part of the project.” He added that there will be more “collaborations between the AAA universe they’re building and the broader Mocaverse.”
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