Futureverse, a company dedicated to creating and enhancing the metaverse through AI-powered tools, has announced the successful closure of a $54 million Series A funding round. The funding round saw significant participation from 10T Holdings, LLC and Ripple, signaling strong support for Futureverse’s forward-thinking vision.
Futureverse aims to empower developers and users to create and interact with interoperable content and applications in the metaverse. The company has already made substantial progress in this mission by developing AI-powered tools that improve music, objects, characters, and animations in the metaverse, enhancing the user experience.
One notable achievement for Futureverse is its entry into AI gaming, a novel frontier in gaming. In collaboration with FIFA, Futureverse launched “AI League,” an AI-powered consumer game available on iOS and Android. In another significant partnership with ABG, IP Rights holders of Muhammad Ali Enterprises, Futureverse released “Muhammad Ali – The Next Legends,” the first-ever AI-powered boxing game.
The recent $54 million funding round will further develop Futureverse’s comprehensive technology, including its Futureverse Platform and The Root Network. The Futureverse Platform features “Powered By Futureverse” tools and products, while The Root Network is a blockchain suite with ready-made 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. This partnership also expands the scope of Futureverse’s capabilities by using the XLS-20 NFT standard.
The co-founders of Futureverse, Aaron McDonald, Shara Senderoff, Marco Brondani, and Dan Gillespie, are driven by the transformative potential of the metaverse. They believe that the metaverse can revolutionize human engagement and collaboration across various domains, such as gaming, payments, and asset management.
Futureverse has secured strategic partnerships with renowned organizations like FIFA, Authentic Brands Group, Mastercard, Wimbledon, Death Row Records, and many others. These partnerships further support Futureverse’s vision and will contribute to the integration of iconic brands with the company’s cutting-edge technology.
With the successful funding round and strategic partnerships, Futureverse is poised to revolutionize AI gaming and the metaverse. Their vision, combined with robust technological infrastructure and alliances, sets the stage for an exciting journey ahead. As Futureverse continues to leverage AI and blockchain technology, we can expect a transformative impact on human engagement and collaboration, shaping various domains from gaming to asset management.