“On September 14th, Darewise Entertainment, a subsidiary of Animoca Brands, announced a partnership with Horizen Labs to create the first Metaverse token designed to operate within the Bitcoin ecosystem.
As per the plan, this Metaverse token will serve as the primary currency for Life Beyond, Darewise’s flagship game. It will also facilitate transactions related to in-game assets and virtual land.
“This is a crucial moment for Bitcoin and a significant step in introducing the ‘cultural concept’ of Bitcoin into mainstream AA gaming,” said Yat Siu, Founder and CEO of Animoca Brands.
However, some experts in the industry have doubts about whether the current infrastructure of Bitcoin can handle such multifaceted transactions. In response to this concern, Vincent Marty, Product Director at Darewise Entertainment, stated:
“Currently, we are in the early stages, but the potential for Bitcoin to become a versatile blockchain instead of just a store of value is significant. To achieve that, we need to roll up our sleeves and build. This is the essence of the collaboration between Animoca and Horizen Labs. We are working together to contribute to the infrastructure that the Bitcoin ecosystem needs to truly evolve…
In essence, we are testing Bitcoin’s potential in a rapidly changing digital world. In the coming months, we will unveil technological advancements that will impact not only Life Beyond but also Metaverses and games globally.”
Horizen Labs will provide technical services, token economics consulting, and the development of essential tools and applications for the next-generation Ordinals ecosystem.”