Darewise Entertainment, the developer behind the highly-anticipated open-world sci-fi game “Life Beyond,” has announced that it has raised $3.5 million in token presales. This news comes as a clear indication that despite reports of the death of the metaverse, venture capital continues to pour into companies developing what many believe will be the next generation of gaming experiences.
Darewise Entertainment CEO Benjamin Charbit expressed his excitement about the recent funding round, stating that they are thrilled to welcome investors who not only believe in their project and values but also come from the gaming and Web3 culture. He sees this investment as a significant indicator of confidence in building on the Bitcoin ecosystem.
“Life Beyond” is an open-world game where players aim to build a new civilization powered by non-fungible tokens (NFTs) and a tokenized digital economy. The game is expected to launch early next year, and Darewise Entertainment has developed its token in collaboration with Horizon Labs, the team behind the Ethereum-based ApeCoin token.
Darewise Entertainment was founded in 2018 and plans to build its metaverse ecosystem around Bitcoin Ordinals, an NFT-like sensation that gained popularity earlier this year. The Ordinals protocol allows users to “inscribe” images, text, and even video games on the Bitcoin blockchain, creating BRC-20 tokens. These inscriptions are digital assets recorded to a single satoshi, the smallest unit of Bitcoin.
The token sale attracted several notable investors, including Gamefi Ventures, London Real Ventures, Citizen Capital, Blocore, and Animoca Ventures. Darewise Entertainment, a subsidiary of Animoca Brands, has ambitious plans for its metaverse, including gaming and brand integrations, real-world experiences, and more. The Darewise token will serve as the native currency of the universe they are creating.
The metaverse, often described as a future version of the internet, refers to a shared virtual world where people interact as 3D avatars. Animoca Brands, a Hong Kong-based software company, launched in 2014 and reached a valuation of $5.9 billion by September 2022. The company is the brains behind the popular Ethereum-based open-world game “The Sandbox,” which has attracted high-profile celebrities such as Snoop Dogg and Paris Hilton.
While Bitcoin may not be the obvious choice for open-world gaming and digital collectibles, enthusiasts see it as the perfect platform to build a connected universe. James Lim, founder of Blocore, expressed his belief in Darewise Entertainment and “Life Beyond,” stating that they are drawn by its pioneering integration of the Bitcoin ecosystem and its promise to reshape the landscape of digital exploration and connectivity.
Overall, Darewise Entertainment’s successful token presale demonstrates that interest and investment in the metaverse are thriving. This funding will enable the company to continue developing an immersive gaming experience powered by NFTs and tokenization, further pushing the boundaries of what is possible in the world of gaming and digital interaction.