Darewise Entertainment, a subsidiary of Animoca Brands, is partnering with Horizen Labs to develop the first metaverse token on Bitcoin.
Horizen Labs, a blockchain firm, will guide on token development and provide consulting services.
This deal aims to roll out the first-ever metaverse token designed on the Bitcoin(BTC) network.
Both firms are respected entities in the web3 and gaming arenas, and their alliance aims to challenge Ethereum’s(ETH) dominance in the space.
“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.
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 token transactions.
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.