Futureverse today announced the successful completion of its $54 million Series A funding round. The round saw significant participation from 10T Holdings, LLC (“10T”) and Ripple, demonstrating strong support for the forward-thinking vision of the Futureverse.
future verse was founded to enable developers and users to create and operate interoperable content and applications within the metaverse. The company has already made significant progress towards this mission. The company has created AI-powered tools that improve the music, objects, characters, and animations within the Metaverse to enhance the user’s experience.
Futureverse has brought together 11 Metaverse companies that provide essential components to the Metaverse App and create a large community of digital collections.
Another notable achievement is Futureverse’s foray into AI games, an entirely new gaming frontier. Futureverse has teamed up with FIFA to launch AI League, an AI-powered consumer game available for iOS and Android. Another significant partnership with ABG, the intellectual property owner of Muhammad Ali Enterprises, led to the release of the first-ever AI-powered boxing game, Muhammad Ali – The Next Legend. .
Investment effect and expansion plan
The new funding injection from the Series A round furthers Futureverse’s comprehensive technology. This includes the Futureverse platform with “Powered By Futureverse” tools and products, and The Root Network, a blockchain suite with off-the-shelf runtimes for building the next generation of metaverse apps, games and experiences. increase.
The Futureverse and Ripple partnership has now integrated The Root Network with XRPL, allowing XRP to be used as a GAS token. The partnership will also facilitate the use of the XLS-20 NFT standard, expanding the Futureverse’s range of capabilities.
Founder’s Perspective and Strategic Partnerships
The company’s co-founders are Metaverse pioneer Aaron McDonald, technology and entertainment investor and operator Shara Senderloff, seasoned technology and information security expert Marco Brondani, and business operator Dan. Gillespie is a driving force behind the transformational potential of the Metaverse.
“The Metaverse has the potential to transform the way humans interact and collaborate, improving experiences in a variety of areas including gaming, payments and wealth management,” said co-founders Aaron McDonald and Shara Sendaroff. is hidden,” he said. of the Futureverse.
Futureverse’s recent strategic partnership with premier NFT collection Cool Cats brings together Cool Cats’ iconic brand with Futureverse’s cutting-edge technology. The partnership will bring Cool Cats NFT holders into his Futureverse ecosystem.
Over the past year, Futureverse has secured global strategic partnerships with prominent organizations such as FIFA, Authentic Brands Group (ABG), Mastercard, Wimbledon, Death Row Records, Wētā Workshop, Snoop Dogg, Timbaland, Keanu Reeves and Alexandra Grant. I was.
Supporting this vision, 10T Chief Executive Officer and Chief Investment Officer Dan Tapiero said: “We look forward to supporting Aaron and his experienced team as they continue to achieve real-world commercial traction and continue to expand Futureverse capabilities and services.”
final thoughts
Futureverse’s successful closing of its $54 million Series A funding round highlights the company’s forward-looking commitment to revolutionizing AI gaming and the metaverse. Their vision, combined with a robust technological infrastructure and strategic alliances, sets the stage for an exciting journey ahead. As the Futureverse continues to harness AI and blockchain technology, it will have a transformative impact on human engagement and collaboration across domains ranging from gaming to wealth management.
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