Animoca Brands’ Subsidiary Darewise Entertainment Raises $3.5 Mln

Darewise Entertainment, an Animoca Brands subsidiary, has successfully raised $3.5 million through a presale of its upcoming token launch on Bitcoin.

The company intends to use the raised funds to expedite the development of the Bitcoin Metaverse Ecosystem. Notable web3 venture capital firms such as Gamefi Ventures, London Real Ventures, Citizen Capital, Blocore, Animoca Ventures, and Animoca Brands co-founder and executive chairman Yat Siu have supported the fundraising.

The forthcoming token by Darewise Entertainment will be adopted by its upcoming “AAA” MMO game Life Beyond, as per the announcement. It will power a complete ecosystem on Bitcoin for gaming, brands, and real-life experiences. The token can be used to purchase in-game assets, virtual lands, and much more.

Darewise is partnering with Horizen Labs, the technology provider behind the launch of ApeCoin, to introduce the Darewise Bitcoin ecosystem token. The release is scheduled for early 2024.

In this regard, Benjamin Charbit, the CEO of Darewise, expressed his excitement about the partnership, stating that they are delighted to welcome investors from the gaming and Web3 culture who share their project’s vision and values. Charbit also emphasized that the involvement of such investors indicates confidence in building on the Bitcoin ecosystem.

On the other hand, James Lim, the founder of Blocore, said: “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.”