Securing an impressive $54 million in a funding round chiefly spearheaded by 10T Holdings and Ripple, Futureverse, a prominent name in AI and metaverse technology, is all set to transform the metaverse landscape. The injection of funds is destined for developing sophisticated AI content generation tools set to bolster the metaverse’s music, characters, animations, and objects.
Significant to the company’s ambition in reshaping the metaverse is its deliberate partnership with Ripple. Through the Root Network, along with a series of protocols and Ripple’s XRPL, Futureverse is ready to redefine metaverse applications, games, and experiences while using XRP as a gas token and conforming with the XLS-20 NFT standard.
The funding amassed will not only endow Futureverse with the resources necessary to enhance its platform but also furnish the company with the required tools and products. A reflection of its lofty scope, Futureverse has initiated a collaboration with FIFA to premiere the AI-powered consumer game AI League, in addition to teaming up with Muhammad Ali Enterprises for the AI-powered game “Muhammad Ali – The Next Legends.”
At the helm of Futureverse, metaverse trailblazer Aaron McDonald, Shara Senderoff – an investor/operator, Marco Brondani who stands tall in information security, and business operator Dan Gillespie collectively envisage an open, scalable, and interoperable infrastructure. Thus enabling users and developers alike to engage with diverse content and applications within the metaverse, previously deemed inaccessible.
In the sphere of gaming, Futureverse aspires to be a pathbreaker. Strategic alliances with world-renowned entities like Cool Cats, FIFA, and Mastercard have paved the way for the integration of iconic brands, broadening the scope of their offerings.
Further testament to Futureverse’s momentum is its recent acquisition of 11 metaverse content and infrastructure companies augmenting its metaverse foothold and reinforcing its metaverse application capabilities. These acquisitions range from AI protocols to gaming development and augmented fashion, instilling a rare vibrancy in their metaverse community.
In conclusion, Futureverse’s series A funding round and its strategic acquisitions signify a company eager to redefine technological gaming boundaries. With a team of almost 250 individuals working relentlessly, Futureverse is all geared up to foster immersive metaverse experiences while maintaining a thrust on AI technology, infrastructure building, creative studios, and digitally inclined communities.
Source: Cryptonews
