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 <p class="is-style-lead">Darewise Entertainment, a <a rel="dofollow" title="subsidiary" href="https://thebittimes.com/tag/subsidiary.html">subsidiary</a> of Animoca Brands, is partnering with Horizen Labs to develop the first <a rel="dofollow" title="metaverse" href="https://thebittimes.com/tag/metaverse.html">metaverse</a> <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> on Bitcoin.</p> 
 <p>Horizen Labs, a blockchain firm, will guide on <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> development and provide consulting services. </p> 
 <p>This deal aims to roll out the first-ever metaverse token designed on the Bitcoin(BTC) network. </p> 
 <p>Both firms are respected entities in the web3 and gaming arenas, and their alliance aims to challenge Ethereum’s(ETH) dominance in the space.</p> 
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   <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
    <p lang="en" dir="ltr">Its time !! Follow the new force of the Metaverse building on Bitcoin.@animocabrands @LifeBeyond <br><br>Full details: https://t.co/VbScXJetXW</p>— Darewise (@Darewise) September 14, 2023
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 <p>“The potential for Bitcoin to become more than just a store of value is immense. To achieve that potential, we need to roll up our sleeves and build,” stated Benjamin Charbit, CEO of Darewise Entertainment.</p> 
 <p>His words show the ambitious nature of the project, given Bitcoin’s original design as a peer-to-peer transaction platform, not necessarily optimized for complex smart contracts and <a rel="dofollow" title="token" href="https://thebittimes.com/tag/token.html">token</a> transactions.</p> 
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  </svg> <span class="cn-block-related-link__prefix"> You might also like: </span> Animoca Brands plans to raise $1b to fund metaverse companies 
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 <p>The proposed token will serve as the primary currency for Life Beyond, Darewise’s flagship game. It will facilitate transactions involving in-game assets, virtual lands, and more. </p> 
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  <div class="wp-block-embed__wrapper"> <iframe title="LIFE BEYOND ALPHA GAMEPLAY WALKTHROUGH 2022" width="1020" height="574" src="https://www.youtube.com/embed/s2-HkL6erlY?feature=oembed" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe> 
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 <p>Yat Siu, the co-founder and executive chairman of Animoca Brands, called this a “pivotal moment” for Bitcoin, saying, “high-quality gaming is one of the keys to mass adoption.” </p> 
 <p>However, some industry experts may question the ability of Bitcoin’s existing infrastructure to accommodate such multifaceted transactions.</p> 
 <p>Horizen Labs, specializing in zero-knowledge cryptography, will provide technical and consultation services. “We are beyond thrilled to be working with Darewise and Animoca Brands. Our long history with Bitcoin makes this an inspiring project for us,” noted Robert Viglione, CEO of Horizen Labs.</p> 
 <p>Despite their ambitions,there are hurdles to overcome. For instance, they must demonstrate that a Bitcoin gaming ecosystem can work well and grow.</p> 
 <p>“We’re essentially testing Bitcoin’s potential in a fast-changing digital world,” said Vincent Marty, chief product officer at Darewise Entertainment. “In the coming months, we’ll reveal tech advancements that will impact not just Life Beyond but also metaverses and games globally.”</p> 
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  </svg> <span class="cn-block-related-link__prefix"> Read more: </span> DappRadar report: blockchain gaming revenue rose in May as investment soar to $476 million 
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/animoca-brands-subsidiary-to-launch-a-metaverse-token-on-bitcoin-tbt62805.html">https://thebittimes.com/animoca-brands-subsidiary-to-launch-a-metaverse-token-on-bitcoin-tbt62805.html</a></p>

Animoca Brands subsidiary to launch a metaverse token on Bitcoin

TheBitTimes

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