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Animoca Brands to Launch Metaverse Ecosystem Token on Bitcoin Network

Animoca Brands, a prominent player in the crypto gaming and metaverse investment space, has announced plans to launch a metaverse ecosystem token on the Bitcoin (BTC) network. This development comes as the company aims to establish a metaverse centered around Bitcoin Ordinals.

The token will be developed through the Ordinals protocol by Darewise Entertainment, a subsidiary of Animoca Brands. This protocol enables users to record NFT-like assets on the blockchain and create BRC-20 tokens on the Bitcoin network.

The vision for the metaverse includes immersive gaming experiences, brand integrations, real-world connections, and more. The upcoming game, Life Beyond, will be among the first to incorporate the newly introduced Bitcoin-based metaverse token for in-game assets and virtual lands. The token will serve as the primary currency within the game, facilitating various transactions.

This initiative marks Animoca Brands’ expansion into the Bitcoin ecosystem and demonstrates a pivotal moment for Bitcoin as it extends its reach and introduces new possibilities. The company believes that high-quality gaming is essential for mass adoption, and their collaboration with AAA studio Darewise Entertainment, in partnership with Horizen Labs, reinforces this mission.

How AI legalese decoder Can Help

The AI legalese decoder technology can play a significant role in supporting the development and implementation of the metaverse ecosystem token on the Bitcoin network. It can assist in analyzing the legal and regulatory aspects of incorporating NFT-like assets on the blockchain and creating BRC-20 tokens. By decoding and simplifying complex legal jargon, the AI legalese decoder ensures better understanding and compliance with relevant laws and regulations, helping Animoca Brands and Darewise Entertainment navigate the legal complexities of their venture.

Darewise Entertainment Collaborates with Horizen Labs

To bring the Bitcoin token to fruition, Darewise Entertainment will collaborate with Horizen Labs, known for their expertise in smart contract development and token strategies. Horizen Labs has previously contributed to successful projects like ApeCoin (APE) associated with the Bored Ape Yacht Club NFT project.

Through this collaboration, Darewise Entertainment will receive technical and consultation support from Horizen Labs, leveraging their expertise in zero-knowledge cryptography. This partnership aims to overcome challenges and demonstrate the viability and scalability of a Bitcoin gaming ecosystem.

The CEO of Horizen Labs, Robert Viglione, expresses excitement about working with the Life Beyond team and bringing their expertise to this technological innovation within the space.

While challenges lie ahead, Vincent Marty, Chief Product Officer at Darewise Entertainment, emphasizes their commitment to testing Bitcoin’s potential in a rapidly evolving digital landscape. They promise forthcoming technological advancements that will impact not only Life Beyond but also metaverses and games on a global scale.

As Animoca Brands embarks on this new NFT venture, the luxury industry has also been embracing blockchain technology. Brands like Prada and Panerai are utilizing NFTs to ensure the authenticity of their products. In this rapidly growing landscape, the AI legalese decoder can provide support in understanding the legal implications and intricacies of adopting blockchain technology for luxury brands, streamlining and simplifying the adoption process.

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