AI and metaverse company Futurverse recently raised $54 million in a Series A funding round. 10T Holdings LLC led the funding round, with Ripple also investing. The company plans to use the funds to continue the development of its platform. The platform features Powered By Futureverse tools and The Root Network. The Root Network is a blockchain and suite of protocols for developing next-gen metaverse games and experiences.
Futureverse co-founders Aaron McDonald and Shara Senderoff said, “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. In order to reach this potential, the metaverse requires open, scalable, and interoperable infrastructure.
“Futureverse combines next-level technological infrastructure and AI-driven content to create the open metaverse we all envision. With the help of our tremendous partners 10T and Ripple, we are excited to take the metaverse from an abstract idea to a tangible, accessible, and interactive destination.”
Combines metaverse infrastructure brands
Futureverse was cofounded by metaverse pioneer Aaron McDonald, tech and entertainment investor Shara Senderoff, and technology and information security expert Marco Brondani and business operator Dan Gillespie. The organisation is the result of combining 11 metaverse infrastructure and content companies. The company’s platform offers a suite of proprietary generative AI tools for enhancing the metaverse.
In addition, Futureverse is also making a name for itself in the AI gaming market. Last year, the company released AI League on mobile in partnership with FIFA. The company is also partnering with ABG for Muhammad Ali – The Next Legends, which it claims is the first AI-powered boxing game.
Monica Long, Ripple president said, “We are excited to continue to support the Futureverse vision and celebrate the Root Network’s integration with the XRP Ledger. While we’re at the earliest stages of what a project like this — and really the larger concept of the metaverse — can achieve, we at Ripple are thrilled to contribute to the foundational infrastructure layer and provide real utility to the end users of the open metaverse.”
Jack Brassell is a freelance journalist and aspiring novelist. Jack is a self-proclaimed nerd with a lifelong passion for storytelling. As an author, Jack writes mostly horror and young adult fantasy. Also an avid gamer, she works as the lead news editor at Hardcore Droid. When she isn't writing or playing games, she can often be found binge-watching Parks & Rec or The Office, proudly considering herself to be a cross between Leslie Knope and Pam Beasley.
