Darewise Entertainment Raises $3.5M for Bitcoin Metaverse Ecosystem

Quick take:

• Darewise Entertainment has raised $3.5 million in a token pre-sale.
• The Animoca Brands subsidiary will use the funds to ramp up the development of the Bitcoin Metaverse Ecosystem.
• The gaming studio’s “AAA” MMO game Life Beyond will be its first to adopt the new token.

Darewise Entertainment has announced the completion of a $3.5 million funding round via a presale of its upcoming token launch on Bitcoin. The company plans to use the new funds to accelerate the development of the Bitcoin Metaverse Ecosystem.

The fundraising was backed by notable web3 venture capital firms, including Gamefi Ventures, London Real Ventures, Citizen Capital, Blocore, Animoca Ventures, and the Animoca Brands co-founder and executive chairman Yat Siu.

According to the announcement, Darewise Entertainment’s upcoming “AAA” MMO game Life Beyond will be its first to adopt the new token.

The new token will power a full ecosystem on Bitcoin for gaming, brands, and IRL experiences, including the purchase of in-game assets, virtual lands and more.

Commenting on his firm’s participation in the token presale, James Lim, 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.”

On the other hand, a spokesperson of Citizen Capital, the official VC arm of NEO Tokyo, commented: “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 Darewise Bitcoin ecosystem token is being launched in partnership with Horizen Labs, the technology provider that facilitated the launch of ApeCoin. It is planned for release in early 2024.

Benjamin Charbit, the CEO of Darewise, said: “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.”

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