According to Foresight News, Animoca Brands has announced that its subsidiary Darewise Entertainment has completed a $3.5 million private funding round. Investors in the round included Gamefi Ventures, London Real Ventures, Citizen Capital, Blocore, Animoca Ventures, and Animoca Brands co-founder and executive chairman Yat Siu.

Darewise Entertainment plans to launch a token based on the Bitcoin blockchain, which is expected to be introduced in early 2024 with the support of ApeCoin strategic technology provider Horizen Labs.