On September 14th, 2022, blockchain gaming leader Animoca Brands announced a key partnership between its studio Darewise Entertainment and crypto pioneer Horizen Labs. Together, they aim to develop the first-ever metaverse token designed for Bitcoin’s ecosystem.
The upcoming token will power the gaming metaverse Life Beyond, enabling features like virtual asset ownership and land plots tied to Bitcoin’s network. The collaboration brings together experts at the intersection of gaming and blockchain to realize the next evolution of Bitcoin.
Pushing Bitcoin’s Adoption Into Gaming and Culture
Per Animoca founder Yat Siu, the partnership arrives at a pivotal moment for extending Bitcoin’s capabilities beyond just a store of value. Integrating Bitcoin into immersive gaming and metaverse experiences can drive mainstream adoption better than finance alone.
Darewise’s AAA-quality Life Beyond metaverse will provide the ideal venue for introducing culturally-relevant utilities powered by the new Bitcoin token. With the metaverse market poised to reach $800 billion by 2024, launching such a unified gaming economy atop Bitcoin promises to drive immense real-world value.
As consumer blockchain applications continue maturing, Bitcoin’s cultural integration will significantly expand its relevance worldwide.
Exciting news! 🎉Our subsidiary, and the visionary force behind @LifeBeyond, Darewise Entertainment has just revealed its strategic engagement with @HorizenLabs to launch the first metaverse ecosystem token on #Bitcoin.
Full details: https://t.co/UUaaAIBw7l pic.twitter.com/woDifkUwkd
— Animoca Brands (@animocabrands) September 14, 2023
Tapping Veteran Gaming and Crypto Builders
Animoca subsidiary Darewise Entertainment brings together leaders from major gaming studios like Ubisoft to construct the Life Beyond metaverse. Along with support from Animoca’s network, the team possesses unparalleled experience in building AAA virtual worlds.
They are joined by blockchain pioneers Horizen Labs who previously assisted with launching ApeCoin and other foundational crypto projects. Their specialized expertise in tokenization and blockchain mechanics will enable the technical realization of the token.
With these best-in-class talents combined, the likelihood of successfully deploying the first comprehensive Bitcoin metaverse token is tremendously high.
Expanding Bitcoin’s Technological Frontiers
While Bitcoin’s role as a secure store of value is established, its blockchain has yet to support the NFT-based economies underlying most metaverses. This partnership specifically aims to overcome those limitations.
Horizen Co-Founder Robert Viglione emphasized their commitment to advancing Bitcoin’s capabilities to enable true innovation within its ecosystem. By collaborating to build the required infrastructure, they are paving the way for Bitcoin to flourish in new use cases.
The forthcoming token will sit atop the Ordinals protocol, a key recent Bitcoin upgrade enabling metadata attachments necessary for NFT functionality. This expandability is why Bitcoin remains the blockchain best positioned for global adoption long-term.
Prioritizing Real Utilities and Value Creation
While speculation drove most early crypto growth, Animoca’s metaverse token vision is grounded in creating real utility and value. All token integrations into Life Beyond will offer tangible in-world benefits beyond trading – like accessing lands and customizing avatars.
Darewise CPO Vincent Marty noted that in the coming months they will reveal more technological breakthroughs currently in development. These innovations will provide the foundation for users to build meaningful virtual lives and tap into Bitcoin’s strengths in a practical sense.
By putting use case first, the project diverges from the typical hype-driven token model – instead encouraging sustainable, organic adoption.
Conclusion
Animoca’s deal with Horizen Labs signals a watershed moment for converging Bitcoin, gaming, and culture. Their Life Beyond metaverse will showcase how Bitcoin can be interwoven into interactive experiences once considered outside its domain.
More broadly, the partnership embodies increased synergy between money and creativity – two spheres historically kept separate but now able to reinforce each other in Web3. As these worlds continue colliding, expect Bitcoin’s relevance to expand exponentially among both users and builders.
FAQs
Who is developing this new token?
It is a collaboration between Animoca studio Darewise Entertainment and blockchain firm Horizen Labs.
What will the token enable?
It will power gaming metaverse Life Beyond, allowing features like virtual asset ownership and trading.
Why build this on Bitcoin’s network?
To push Bitcoin into broader lifestyle use cases beyond just payments and advance its mainstream potential.
When will the token launch?
No set date yet, but active development is underway so likely within 1-2 years.
How will the token create real utility?
It will enable in-world functions like customizing avatars, purchasing land plots, and using items.
What technology makes this possible?
The Ordinals protocol recently upgraded Bitcoin to support metadata for NFT-type use.
How could this benefit Bitcoin long-term?
Mainstream adoption could accelerate rapidly via integration into gaming, entertainment, social, etc.
Does this token have a name yet?
No official name has been revealed yet for the token.
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