Futureverse, a company focused on empowering developers and users to create and interact with content and applications in the metaverse, has announced the successful closure of a $54 million Series A funding round. The round saw participation from 10T Holdings, LLC (“10T”) and Ripple, signifying a strong endorsement of Futureverse’s forward-thinking vision.
Founded with the goal of enhancing the user experience in the metaverse, Futureverse has made significant progress in achieving its mission. The company has developed AI-powered tools that improve music, objects, characters, and animations, adding value to the overall metaverse experience.
Futureverse has brought together 11 metaverse companies, each offering essential components for any metaverse application, to create a large community of digital collectibles. This community will serve as a foundation for collaboration and innovation in the metaverse space.
The company has also ventured into AI gaming, a new frontier in the gaming industry. In partnership with FIFA, Futureverse launched “AI League,” an AI-powered consumer game available on iOS and Android. Additionally, Futureverse collaborated 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.
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The successful closure of the Series A funding round will enable Futureverse to further develop its comprehensive technology. This includes the Futureverse Platform, which features “Powered By Futureverse” tools and products, and The Root Network, a blockchain suite with ready-made runtimes for building next-generation metaverse apps, games, and experiences.
Futureverse’s partnership with Ripple has led to The Root Network integrating with XRPL and supporting the use of XRP as a GAS token. The partnership also enables the use of the XLS-20 NFT standard, expanding the capabilities of Futureverse.
The company’s co-founders, 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, including gaming, payments, and asset management.
In line with their vision, Futureverse has formed strategic partnerships with organizations such as Cool Cats, a blue-chip NFT collection. This partnership will integrate Cool Cats’ iconic brand with Futureverse’s cutting-edge technology, offering Cool Cats NFT holders access to the Futureverse ecosystem.
Over the past year, Futureverse has secured global strategic partnerships with several renowned organizations, including FIFA, Authentic Brands Group (ABG), Mastercard, Wimbledon, Death Row Records, Wētā Workshop, Snoop Dogg, Timbaland, Keanu Reeves, and Alexandra Grant. These partnerships further validate Futureverse’s innovative approach and highlight the company’s potential for growth.
Dan Tapiero, Chief Executive Officer and Chief Investment Officer of 10T, expressed excitement about supporting Futureverse and its experienced team. He believes that the company will continue to achieve significant traction in the real world and scale its capabilities and offerings.
The successful closure of the $54 million Series A funding round demonstrates Futureverse’s commitment to revolutionizing AI gaming and the metaverse. With its visionary approach, robust technological infrastructure, and strategic alliances, Futureverse is poised for an exciting journey ahead. As the company continues to leverage AI and blockchain technology, the impact on human engagement and collaboration across various domains, from gaming to asset management, is expected to be transformative.
