Futureverse, a leading company in the metaverse industry, has announced the successful closure of a $54 million Series A funding round. This funding round saw significant participation from 10T Holdings, LLC (“10T”) and Ripple, showcasing strong support for Futureverse’s innovative vision. The company’s mission is to empower developers and users to create and interact with interoperable content and applications in the metaverse. Futureverse has already made remarkable progress towards achieving this goal by developing AI-powered tools that enhance music, objects, characters, and animations in the metaverse, thereby enhancing the overall user experience. Furthermore, Futureverse has brought together 11 metaverse companies, creating a vibrant community of digital collectibles.
Pioneering AI Gaming in the Metaverse
Futureverse has also ventured into the realm of AI gaming, a groundbreaking frontier in the gaming industry. In collaboration with FIFA, the company launched “AI League,” an AI-powered consumer game available on both iOS and Android platforms. Additionally, Futureverse partnered with ABG, the IP Rights holders of the Muhammad Ali Enterprises, to release “Muhammad Ali – The Next Legends,” the first-ever AI-powered boxing game. These ventures into AI gaming demonstrate Futureverse’s commitment to pushing boundaries in the metaverse and exploring exciting new possibilities.
Advancing Technology and Partnerships
With the latest injection of funds from the Series A round, Futureverse aims to further develop its comprehensive technology. This includes the Futureverse Platform, which features “Powered By Futureverse” tools and products, as well as The Root Network, a blockchain suite with pre-built runtimes for building next-generation metaverse apps, games, and experiences. Futureverse’s partnership with Ripple has resulted in The Root Network integrating with XRPL and supporting the use of XRP as a GAS token. The collaboration also expands Futureverse’s capabilities through the adoption of the XLS-20 NFT standard. These technological advancements enable Futureverse to offer a wide range of innovative features and enhance user experiences within the metaverse.
Strategic Partnerships and a Promising Future
Futureverse has established strategic partnerships with prominent organizations worldwide, including FIFA, Authentic Brands Group (ABG), Mastercard, Wimbledon, Death Row Records, Wētā Workshop, Snoop Dogg, Timbaland, Keanu Reeves, and Alexandra Grant. These partnerships further strengthen Futureverse’s position as a leader in the metaverse industry and highlight the company’s commitment to collaboration and innovation. Notably, Futureverse recently established a strategic alliance with Cool Cats, a renowned NFT collection, merging Cool Cats’ iconic brand with Futureverse’s cutting-edge technology. This alliance will allow Cool Cats NFT holders to enter the Futureverse ecosystem and enjoy the benefits of the company’s advanced metaverse features.
As Futureverse continues to leverage AI and blockchain technology, its visionary co-founders, Aaron McDonald, Shara Senderoff, Marco Brondani, and Dan Gillespie, envision a transformative impact on human engagement and collaboration across various domains, including gaming, payments, and asset management. The company’s $54 million Series A funding round marks a significant milestone in Futureverse’s journey to revolutionize AI gaming and the metaverse. With a strong technological infrastructure and strategic partnerships, Futureverse is poised to shape the future of the metaverse and create immersive experiences that will revolutionize the way people interact and collaborate.