Animoca Brands Subsidiary to Launch Metaverse Ecosystem Token on Bitcoin, Partners with Horizen Labs

Darewise Entertainment, a subsidiary of Animoca Brands and the force behind the Life Beyond Gaming Metaverse, announced an engagement with Horizen Labs for technical token, development, and consulting services.

Horizen Labs, which previously “provided smart contracting and token strategy advice relating to the launch of ApeCoin (APE), will help Darewise Entertainment to realize its vision of launching the first-ever metaverse token for the Bitcoin ecosystem.”

The upcoming token launched by Darewise Entertainment will be “the first of its kind to power a full ecosystem on Bitcoin for gaming, brands, and IRL experiences, and Life Beyond is the first gaming metaverse set to use the token for in-game assets, virtual lands, and more.”

Yat Siu, the co-founder and executive chairman of Animoca Brands, commented on the partnership:

“With the advent of the Ordinals protocol, we’re witnessing a pivotal moment for Bitcoin as it extends its reach and introduces the concept of culture.”

The Darewise Entertainment team, composed of AAA gaming veterans with the support of the Animoca Brands network, and Horizen Labs, a firm focused on blockchain and tokenized experiences, represent some of the most experienced teams in the Web3 space.

​Founded in 2019, Horizen Labs is dedicated “to building a more secure and equitable digital world at the heart of the decentralization revolution.”

The company’s mission is to “focus on securing the world’s transition to Web3.”

Horizen Labs brings expertise “in zero-knowledge cryptography and building essential Web3 tools and features that enable programmable, scalable blockchains and protocols.”

Horizen Labs will reportedly “provide technical services, consultation on tokenomics, and the buildout of important tools and applications to further Ordinals ecosystem.”

Robert Viglione, CEO of Horizen Labs, noted:

“Our long history with Bitcoin, from which the Horizen ecosystem grew, makes this an inspiring project for us to contribute to…. We can’t wait to push the Bitcoin, Ordinals ecosystems forward while expanding the footprint of our work at Horizen.”

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