Darewise Entertainment raises US$3.5M in token presale ahead of Bitcoin metaverse ecosystem token launch
17 October 2023 - Darewise Entertainment (“Darewise”), a subsidiary of Animoca Brands and the company behind Life Beyond, announced today that it has raised US$3.5 million via a presale of the upcoming token to further build the Bitcoin metaverse ecosystem being facilitated by Darewise. The raise follows the news that Darewise will launch the ecosystem token on Bitcoin, and that the upcoming “AAA” MMO game Life Beyond will be its first adopter (see announcement of 14 September 2023).
Investors in the token presale included key gaming investors and Web3 VC funds such as Gamefi Ventures, London Real Ventures, Citizen Capital, Blocore, Animoca Ventures, and Yat Siu, the co-founder and executive chairman of Animoca Brands, among others.
The upcoming token launched by Darewise will power a full ecosystem on Bitcoin for gaming, brands, and IRL experiences, and Life Beyond is the first gaming metaverse set to use the token for in-game assets, virtual lands, and more.
"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," said James Lim, founder of Blocore.
A spokesperson of Citizen Capital, the official VC arm of NEO Tokyo, said: "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."
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.”
The new Darewise ecosystem token is expected to be released in early 2024 with the support of Horizen Labs, a strategic technology provider who successfully launched ApeCoin.
The contents of this announcement are meant for general information purposes only. This announcement is not to be construed as an invitation, inducement, recommendation, offer or solicitation to purchase or sell any asset, whether blockchain-based or otherwise. No part of it or the fact of its presentation, should form the basis of, or be relied upon in connection with, any decision to purchase or not purchase any asset described in this announcement.
At the time of this announcement, the legal structure of the token has yet to be finalised and given the rapidly evolving regulations for crypto assets, the legal structure of the token, including the features and characteristics of the token and the jurisdictions in which such token may be available, is subject to change to ensure compliance with relevant regulations.
As at the date of this announcement, no token has been launched by Darewise Entertainment. The token described in this announcement is not available to users of, and this communication is not intended to be acted upon by users in, certain jurisdictions, including US, UK and sanctioned countries. Darewise Entertainment reserves the right to adopt technological solutions to restrict access for users from restricted jurisdictions.
Note: this announcement has been updated for clarity and accuracy; an earlier version shared by email contained an error in one of the participating investors.
About Darewise Entertainment
Darewise Entertainment, a subsidiary of Animoca Brands, is a Web3 game technology company founded by veterans of the AAA games industry that is currently developing the play-and-earn sci-fi MMO Life Beyond. Core team includes Benjamin Charbit (game director of Assassin’s Creed IV: Black Flag), Marc Albinet (game director of Assassin’s Creed Unity and Dying Light 2), Christian Bravery (art director of Black & White, and the Fable series), Samuel Kahn (tech lead for Ubisoft’s Snowdrop Engine and Crytek’s Cryengine) and Vincent Marty (head of marketing of Ubisoft EMEA and VP at ESL Gaming). Darewise Entertainment is a multicultural team with offices in Paris, Barcelona, and London. The company strongly believes in the positive power of building metaverse technologies for online video games to create meaningful, interactive, and social experiences. For more information, visit Darewise Entertainment’s website.
About Life Beyond
Life Beyond is a gaming destination in the metaverse where players embark on a journey to build a new civilization on Planet Dolos. In this sci-fi world, powered by a player-driven tokenized economy, player-citizens can decide who they want to become and the role they want to play in Life Beyond’s complex and many-layered society. Developed and published by Darewise Entertainment, a subsidiary of Animoca Brands, the project embraces the open metaverse philosophy to create immersive experiences with an emphasis on true ownership and interoperability.
About Animoca Brands
Animoca Brands, a Deloitte Tech Fast winner, a Fortune Crypto 40 company, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help establish the open metaverse. The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E. It has multiple subsidiaries, including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, Be., PIXELYNX, WePlay Media, and Gryfyn. Animoca Brands is one of the most active investors in Web3, with a portfolio of over 400 Web3 investments, both directly and through Animoca Ventures, including Yuga Labs, Axie Infinity, Polygon, Consensys, Fireblocks, OpenSea, Dapper Labs, Yield Guild Games, Alien Worlds, and many more. For more information visit www.animocabrands.com or follow on Twitter or Facebook.