AI-Metaverse Integration Pioneer, Futureverse, Secures $54M in Funding
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- March 21, 2024
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Futureverse, a startup focused on crypto tech and gaming, has successfully raised $54 million in Series A funding to propel its metaverse goals. The funding round was led by venture capital firm 10T Holdings, with participation from Ripple Labs, the creator of XRP Ledger.
Futureverse plans to utilize the funds for research and development of its technology platform, which features a collection of exclusive AI content generation tools designed to enhance music, objects, characters, and animations that will eventually form part of the metaverse. Additionally, Futureverse aims to expand its gaming-focused blockchain known as The Root Network, which is Ethereum Virtual Machine-compatible and incorporates XRP Ledger integration for the usage of XRP and its NFTs. The company also envisions the creation of more blockchain games in the future.
To establish an “open metaverse,” Futureverse has acquired eight crypto companies and merged them under its brand. Notable acquisitions include AI technology firm Altered State Machine and Non Fungible Labs, known for the Fluf World NFT project.
Among Futureverse’s game releases is the World Cup AI League, a FIFA-licensed mobile soccer game driven by artificial intelligence for Android and iOS. The game features vibrant, cartoonish characters controlled by AI. Futureverse has also introduced Muhammad Ali: The Next Legends, an AI game with NFTs developed in partnership with the late boxer’s estate. In this fantasy boxing game, players serve as coaches and make strategic choices for their boxers, with each boxer NFT being powered by an accompanying “AI Brain” NFT.
10T Holdings took the lead in the funding round for Futureverse, joined by Ripple. 10T CEO and Chief Investment Officer, Dan Tapiero, praised Futureverse for creating an all-encompassing metaverse platform covering AI technology, metaverse infrastructure, layer-1 architecture, creative studio, and digital community. Ripple Labs President Monica Long expressed her enthusiasm for Futureverse’s project, highlighting the early stages of what such a metaverse could achieve and Ripple’s eagerness to contribute to the foundational infrastructure layer.
Futureverse is committed to combining advanced technological infrastructure with AI-powered content creation, aiming to transform the metaverse from a conceptual idea into a practical, user-friendly, and engaging destination for all. Backed by its allies, 10T and Ripple, Futureverse strives to make the vision of an open metaverse a reality.
In conclusion, Futureverse has secured significant funding to drive the development of its exclusive AI tools and expand its gaming-focused blockchain. The company’s partnerships with 10T Holdings and Ripple further solidify its commitment to the metaverse concept and its potential for future growth and innovation.