Futureverse, a Los Angeles, CA-based AI and metaverse technology and content company, raised $54M in Series A funding.
The round was led by 10T Holdings, with participation from Ripple.
The company intends to use the funds to continue developing its technology, including its platform featuring “Powered By Futureverse” tools and products, and The Root Network, a blockchain and suite of protocols with ready-made runtimes for building metaverse apps, games and experiences.
Co-founded by Aaron McDonald and Shara Senderoff, Futureverse specializes in advancing AI and metaverse technologies that enable open, scalable, and interoperable apps, games and experiences.
In the last year, the company has launched AI-powered consumer game “AI League” in cooperation with FIFA on iOS and Android and has partnered with Authentic Brands Group (ABG), IP Rights holders of the Muhammad Ali Enterprises, to release the first AI-powered boxing game, “Muhammad Ali – The Next Legends.” It also has formed partnerships with organizations including Mastercard, Wimbledon, Death Row Records, Wētā Workshop, Snoop Dogg, Timbaland, Keanu Reeves and Alexandra Grant.
Futureverse’s previously announced partnership with Ripple has The Root Network integrated with XRPL and supports the use of XRP as a GAS token as well as the XLS-20 NFT standard. In April, the company announced a strategic partnership with blue-chip NFT collection Cool Cats, integrating Cool Cats’ iconic brand with Futureverse’s technology and bringing Cool Cats NFT holders into the Futureverse ecosystem.
FinSMEs
18/07/2023