In a promising move towards a more immersive digital world, Animoca Brands, a leading firm in crypto gaming and metaverse investments, has unveiled plans to develop a metaverse ecosystem token on the Bitcoin network, according to a recent press release. The envisioned ecosystem will be specifically centered around Bitcoin Ordinals, facilitated by Darewise Entertainment, an affiliate of Animoca Brands, and the Ordinals Protocol, a blueprint that lets users register NFT-like assets on the blockchain and generate BRC-20 tokens within the Bitcoin domain.
The upcoming game, Life Beyond, by Darewise Entertainment, plans to be a frontrunner in piloting the freshly initiated Bitcoin-based metaverse token for in-game assets and virtual land transactions. While this isn’t the studio’s maiden venture into non-fungible tokens, having previously released gaming NFTs in the Polygon scaling network, it does present an initiation into the Bitcoin universe.
Enthusiasm rings clear among stakeholders; Yat Siu, co-founder and executive chairman of Animoca Brands, herald the milestone as revolutionary for Bitcoin, extending its audience and presenting culture. He further praised Darewise Entertainment’s entry into the practically uncharted territory of high-quality gaming in collaboration with Horizen Labs.
Horizen Labs, recognized for their prowess in smart contract creation and token strategies, will be a collaborator with Darewise Entertainment in the development of the Bitcoin token. The company’s previously noted contribution to the creation of Ethereum-based ApeCoin affirms their reliable expertise in the firm’s vision to innovate in technology within the arena.
However, the path forward is not without challenges, with questions being raised on the longevity and scalability of a Bitcoin gaming environment. Expressing eagerness for exploring Bitcoin’s potential in this evolving digital scope, Vincent Marty, Chief Product Officer at Darewise Entertainment, assures stakeholders of forthcoming technological advancements affecting Life Beyond and the broader realm of metaverses and gaming.
Sticking to the theme of integrative progression, luxury brands are increasingly recognizing the capacity of NFTs in product legitimacy. The Prada Group, parent company of Miu Miu, launched an blockchain service in partnership with Aura Blockchain Consortium, which validates the authenticity of purchased items. Concurrently, the Italian luxury watch manufacturer Panerai intends to include an NFT-based “digital passport” with every timepiece sold post-October 3.
As the blockchain and NFT space keeps evolving, endeavours like these push the limits of immersive experiences in digital environments, integrating gaming, fashion, and luxury brands into an ever-expanding virtual reality.
Source: Cryptonews
