Futureverse, a pioneering tech firm, has recently secured $54M in funding, led by 10T and with participation from Ripple, a renowned blockchain firm. This significant financial support will allow Futureverse to enhance its platform dedicated to supporting the development of open, scalable, and interoperable gaming, payment experiences, and more on-chain.
With this funding, Futureverse aims to merge technological infrastructure and AI-driven content to create an open Metaverse that aligns with collective visions. The platform will achieve this by developing several key tools. The first tool is the ‘FuturePass’ smart wallet, which enables speedy and secure user onboarding. This smart wallet will allow users to easily access and transact within the Futureverse platform. The second tool is a digital object transformer that allows for the creation of dynamic asset pipelines. This tool will enable creators to transform their digital assets into various forms and adapt them to different experiences. Lastly, Futureverse is developing an AI gaming platform that offers AI-controlled action games, providing users with immersive and interactive gaming experiences.
In addition to these development tools, Futureverse is working on a technology solution called ‘The Root Network’, in collaboration with Ripple. This network comprises a suite of protocols with pre-made runtimes that aim to craft the next generation of internet experiences. By integrating Ripple’s native token XRP as a gas token, this technology solution will facilitate secure and fast transactions across the network. Futureverse also plans to support the XLS-20 NFT standard, which will open up new opportunities for collectors and artists in the digital assets space.
Since its inception, Futureverse has partnered with eleven companies to enhance its technological offerings and bring envisioned virtual universes to life. Two notable partnerships include the blue-chip NFT project Cool Cats and the decentralized ASM AI Protocol. These partnerships enable Futureverse to provide users with the opportunity to own, trade, and train AI through digital ‘Brains’.
Furthermore, Futureverse is making waves in the sports industry with its cutting-edge AI technologies. The release of ‘FIFA Women’s World Cup AU·NZ·2023™ Edition’, an AI-powered football game, has garnered significant attention and redefined the gaming experience. Additionally, Futureverse has collaborated with The Next Legends to develop an AI-powered boxing game, which is set to be the next big release.
The $54M funding round for Futureverse represents a major step towards realizing its future visions of a fully open and interactive Metaverse. The platform’s dedication to embracing emerging technologies, such as AI and blockchain, positions it as a leading player in the development of the Metaverse.
In conclusion, Futureverse’s recent funding has provided the company with the resources to enhance its platform and develop various tools and technologies. With a strong focus on open, scalable, and interoperable experiences, Futureverse aims to create an immersive and inclusive Metaverse that aligns with collective visions. Through partnerships with notable projects and advancements in AI technologies, Futureverse is shaping the future of gaming and digital engagement.
