Bybit is making a significant move in its IP entertainment ecosystem by adding Imaginary Ones to its platform. This announcement comes on the heels of the project’s successful onboarding of over 2 million downloads worldwide for its flagship game, Bubble Rangers. The company has recently closed a funding round that was oversubscribed, with support from Animoca Brands, Polygon Ventures, Cypher Capital, Ed3n Ventures, and MH Ventures.
On May 14th, 2024, at 10:00 am (UTC), cryptocurrency platform Bybit will list Imaginary Ones and its $BUBBLE token. The token, hosted on the Ethereum network, serves as the governance and utility token for the Imaginary Ones ecosystem. According to the company’s official litepaper, $BUBBLE can be used for various purposes such as gaming, merchandise, content, and linking real-world assets to the web3 token. Its applications include staking rewards, platform payments, in-game transactions and rewards, community governance, and exclusive access to Imaginary Ones and its IP partner products, experiences, and events.
Imaginary Ones was founded by Clement Chia and David Lee, who are serial tech entrepreneurs. They have previously co-founded OFFSET and OFFEO, which are motion design and digital content platforms that have achieved significant success. Their client base includes Netflix, Coca-Cola, Google, and Nike, and their turnover has exceeded $20 million.
The company has also collaborated with fashion giant HUGO BOSS, with its HUGO x IO NFT collection selling out within a minute. Recently, Imaginary Ones partnered with Samsung Singapore to introduce exclusive maps in its Bubble Rangers game.
Clement Chia, the CEO and co-founder of Imaginary Ones, expressed his excitement about the progress they have made since 2022 and the growth of their IP entertainment ecosystem. He sees the $BUBBLE token as a crucial element in their development and believes that listing on Bybit is a step in the right direction.
Bybit exchange has confirmed this development through an official blog post and has also announced a $260,000 listing prize pool to celebrate the upcoming listing of Imaginary Ones. Interested users can register for the event through Bybit.
Imaginary Ones is a Web3 entertainment company that combines interactive gaming experiences, curated merchandise offerings, and captivating content to redefine immersive entertainment. The company’s founders, along with Gregory Poon and Jerome Kwek, have launched a highly successful NFT project, with the entire collection selling out within four minutes of the Dutch Auction sale. To date, the project has transacted over 17,000 Ethereum (~$37,000,000 USD) of sales volume on OpenSea.