Animoca Brands, a prominent player in the crypto gaming and metaverse investment space, has announced through its subsidiary, Darewise Entertainment, the launch of a pioneering metaverse ecosystem token on the Bitcoin blockchain. This initiative is powered by the Ordinals protocol, which allows for the inscription of NFT-like assets on the Bitcoin blockchain.

Darewise Entertainment, also known as Life Beyond Studios, is set to integrate this Bitcoin-based metaverse token into its upcoming game, "Life Beyond," marking it as the first game to utilize this innovative token for in-game assets, virtual lands, and more.

The development of this token is in collaboration with Horizen Labs, which previously assisted in the smart contract and token strategy for the Ethereum-based ApeCoin.

The CEO of Animoca Brands, Robby Yung, expressed enthusiasm for the project, emphasizing the potential of the Ordinals protocol and the broader implications for the Bitcoin ecosystem. Benjamin Charbit, the co-founder and CEO of Darewise Entertainment, highlighted the vast potential of Bitcoin beyond its traditional role as a store of value.

The collaboration with Horizen Labs underscores their commitment to enhancing the Bitcoin ecosystem and the broader digital landscape [1][2][3].

1. Decrypt: https://decrypt.co/197441/bitcoin-metaverse-token-coming-from-animoca-game-studio

2. CryptoPotato: https://cryptopotato.com/animoca-brands-subsidiary-and-horizen-labs-launch-first-metaverse-ecosystem-token-on-bitcoin/

3. Animoca Brands: https://www.animocabrands.com/darewise-entertainment-to-launch-the-first-metaverse-ecosystem-token-on-bitcoin