Futureverse Bags $54M, Eyeing Metaverse & AI Expansion
Futureverse has announced the successful closure of a $54 million Series A funding round today. The round witnessed major participation from 10T Holdings, LLC (“10T”) and Ripple, demonstrating a solid endorsement of Futureverse’s forward-thinking vision.
Futureverse was founded to empower developers and users to create and interact with interoperable content and applications in the metaverse. The company has already made significant progress towards this mission. The company has created AI-powered tools that improve music, objects, characters, and animations in the metaverse, enhancing the user experience.
Futureverse combined 11 metaverse companies offering essential components for any metaverse app and creating a large community of digital collectibles.
Another noteworthy achievement is Futureverse’s foray into AI gaming, a completely new gaming frontier. In collaboration with FIFA, Futureverse launched “AI League,” an AI-powered consumer game available on iOS and Android. Another significant partnership with ABG, IP Rights holders of the Muhammad Ali Enterprises, led to the release of “Muhammad Ali – The Next Legends,” the first-ever AI-powered boxing game.
Investment Impact and Expansion Plans
The fresh injection of funds from the Series A round will further develop Futureverse’s comprehensive technology. This includes its Futureverse Platform featuring “Powered By Futureverse” tools and products and The Root Network, a blockchain suite with ready-made runtimes for building the next-generation metaverse apps, games, and experiences.
Futureverse’s partnership with Ripple led to The Root Network integrating with XRPL and supporting using XRP as a GAS token. The partnership also facilitates using the XLS-20 NFT standard, expanding the scope of Futureverse’s capabilities.
The Founders’ Perspective and Strategic Partnerships
The company’s co-founders, metaverse pioneer Aaron McDonald, tech and entertainment investor/operator Shara Senderoff, seasoned technology and information security expert Marco Brondani, and business operator Dan Gillespie are driven by the transformative potential of the metaverse.
“The metaverse has the potential to transform the way humans engage and collaborate with one another and improve our experiences across a number of different spheres, including gaming, payments, asset management, and more,” said Aaron McDonald and Shara Senderoff, Co-Founders of Futureverse.
Futureverse’s recent strategic partnership with Cool Cats, a blue-chip NFT collection, will integrate Cool Cats’ iconic brand with Futureverse’s cutting-edge technology. This alliance will usher Cool Cats NFT holders into the Futureverse ecosystem.
Over the last year, Futureverse has secured global strategic partnerships with renowned organizations, including FIFA, Authentic Brands Group (ABG), Mastercard, Wimbledon, Death Row Records, Wētā Workshop, Snoop Dogg, Timbaland, Keanu Reeves, and Alexandra Grant.
Supporting this vision, Dan Tapiero, Chief Executive Officer and Chief Investment Officer of 10T, said, “We look forward to supporting Aaron and his experienced team as they continue to achieve significant real-world commercial traction and scale Futureverse’s capabilities and offerings.”
Final Thoughts
The successful closure of Futureverse’s $54 million Series A funding round underlines the company’s future-focused commitment to revolutionize AI gaming and the metaverse. Their vision, coupled with robust technological infrastructure and strategic alliances, sets the stage for an exciting journey ahead. As Futureverse continues to leverage AI and blockchain technology, we can anticipate a transformative impact on human engagement and collaboration across various domains, from gaming to asset management.
Credit: Source link
