Animoca Brands subsidiary Darewise Entertainment secures US$3.5 million in presale for Bitcoin metaverse token
Proactive Investors
Published Oct 18, 2023 11:33
Updated Oct 18, 2023 13:00
Animoca Brands subsidiary Darewise Entertainment secures US$3.5 million in presale for Bitcoin metaverse token
Animoca Brands Corporation Ltd subsidiary Darewise Entertainment has raised US$3.5 million in a presale for its forthcoming token, the cornerstone of a metaverse ecosystem facilitated by Darewise which will include the upcoming 'AAA' MMO game Life Beyond as its first adopter.
The presale attracted key investors from the gaming and Web3 sectors, including Gamefi Ventures, London Real Ventures, Citizen Capital, Blocore, Animoca Ventures and Yat Siu, co-founder and executive chairman of Animoca Brands.
"We invested in Darewise and Life Beyond because we are drawn by its pioneering integration of the Bitcoin ecosystem and an immersive experience that promises to reshape the landscape of digital exploration and connectivity," said Blocore founder James Lim.
Bitcoin-based ecosystem
The soon-to-be-launched token will power a comprehensive Bitcoin-based ecosystem for gaming, brands and in-real-life experiences.
Life Beyond is set to be the first gaming metaverse to use the token for in-game assets and virtual lands.
Darewise CEO Benjamin Charbit highlighted the investor diversity, stating, “For this round, we are thrilled to welcome meaningful investors who not only believe in our project and values but who also come from across the spectrum of gaming and Web3 culture.
“It’s a significant indicator of confidence in building on the Bitcoin ecosystem.”
A spokesperson for Citizen Capital, the official VC arm of NEO Tokyo, said: "Life Beyond is one of those projects you see and never forget.
“From the incredible artwork and aesthetics to the robust lore detailed in the wiki, to the powerhouse team behind the scenes, every time you discover another layer of Life Beyond, you get more excited.
“We're thrilled to have been early investors alongside Animoca Brands and cannot wait to see what the future holds for this project."
The token is projected to launch in early 2024, with technological support from Horizen Labs, previously successful with the launch of ApeCoin.
Read more on Proactive Investors AU
Disclaimer
Get The App
Written By: Proactive Investors
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.