{"id":157329,"date":"2023-09-17T04:32:06","date_gmt":"2023-09-16T23:02:06","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=157329"},"modified":"2023-09-17T04:32:06","modified_gmt":"2023-09-16T23:02:06","slug":"bitcoin-metaverse-token-coming-from-animoca-game-studio-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/bitcoin-metaverse-token-coming-from-animoca-game-studio-crypto-news\/","title":{"rendered":"Bitcoin Metaverse Token Coming From Animoca Game Studio – Crypto News"},"content":{"rendered":"
\n

Crypto gaming and metaverse investment giant Animoca Brands has unveiled plans this week through one of its subsidiary companies to launch a first-of-its-kind <\/span>metaverse<\/span><\/a> ecosystem token on <\/span>Bitcoin<\/span><\/a> via the <\/span>Ordinals<\/span><\/a> protocol.<\/span><\/p>\n

Game studio Darewise Entertainment (<\/span>aka Life Beyond Studios<\/span><\/a>), an Animoca subsidiary, aims to create an all-encompassing metaverse ecosystem built around <\/span>Bitcoin Ordinals<\/span><\/a>\u2014a protocol that lets users inscribe NFT<\/a>-like assets to the blockchain and create <\/span>BRC-20 tokens<\/span><\/a> on Bitcoin.<\/span><\/p>\n

The studio\u2019s metaverse plan includes <\/span>gaming<\/span><\/a>, brand integrations, real-world experiences, and more. Darewise is the studio behind <\/span>Life Beyond<\/span><\/a>, an upcoming metaverse game with NFTs. It will be the first game to implement the newly announced Bitcoin-based metaverse token for in-game assets, virtual lands, and more.<\/span><\/p>\n

To create the upcoming Bitcoin token, Darewise will collaborate with Horizen Labs, the company that helped develop the smart contract<\/a> and token strategy for <\/span>ApeCoin<\/span><\/a> (APE)\u2014the <\/span>Ethereum<\/span><\/a>-based token tied to the <\/span>Bored Ape Yacht Club<\/span><\/a> NFT project. Life Beyond has previously released gaming NFTs on Ethereum scaling network <\/span>Polygon<\/span><\/a>.<\/span><\/p>\n

\u201cI’m very excited for our Life Beyond Studios to be pioneering the use of Bitcoin Ordinals,\u201d Animoca Brands CEO <\/span>Robby Yung<\/span><\/a> told <\/span>Decrypt<\/span><\/i>.<\/span><\/p>\n

Yung added that continuous innovation is a hallmark of the <\/span>Web3<\/span><\/a> industry, and with the emergence of Ordinals on the scene this year, it’s only fitting that Animoca would try to push the envelope in their application.<\/span><\/p>\n

<\/p>\n

Ordinal inscriptions are digital assets that are digitally archived to a single satoshi, the smallest denomination of a <\/span>Bitcoin<\/span><\/a> (1\/100,000,000 BTC). Although trading activity around these virtual artifacts is <\/span>down<\/span><\/a> in recent months, new products are continuously surfacing including a <\/span>social graph<\/span><\/a> and another <\/span>planned<\/span><\/a> Bitcoin metaverse ecosystem.<\/span><\/p>\n

\u201cWe’re still in the early innings, but the potential for Bitcoin to become more than just a store of value is immense,\u201d said Benjamin Charbit, co-founder and CEO of Darewise Entertainment, in a statement.<\/span><\/p>\n

Animoca Brands is a major player in the metaverse space and has invested in hundreds of companies and projects, netting a $5.9 billion valuation as of September 2022.<\/span><\/p>\n

The company also publishes various NFT-based games, including the Ethereum metaverse game <\/span>The Sandbox<\/span><\/a>. Animoca <\/span>recently raised<\/span><\/a> $20 million in funding for its new metaverse project, The Mocaverse, one of many such gaming initiatives under its umbrella.<\/span><\/p>\n

Yung clarified to <\/span>Decrypt <\/span><\/i>that the Bitcoin metaverse token is \u201cseparate from the Mocaverse, although Life Beyond Studios are a part of the project.\u201d He added there will be further \u201ccollaborations between the AAA universe they’re building and the wider Mocaverse.\u201d<\/span><\/p>\n

\n
<\/p>\n

Stay on top of crypto news, get daily updates in your inbox.<\/h3>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Crypto gaming and metaverse investment giant Animoca Brands has unveiled plans this week through one of its subsidiary companies to launch a first-of-its-kind metaverse ecosystem token on Bitcoin via the Ordinals protocol. Game studio Darewise Entertainment (aka Life Beyond Studios), an Animoca subsidiary, aims to create an all-encompassing metaverse ecosystem built around Bitcoin Ordinals\u2014a protocol […]<\/p>\n","protected":false},"author":2,"featured_media":157330,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-157329","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157329","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=157329"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157329\/revisions"}],"predecessor-version":[{"id":157332,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/157329\/revisions\/157332"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/157330"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=157329"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=157329"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=157329"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}