Futureverse: Merging AI and Blockchain for the Metaverse
Futureverse, a startup formed out of 11 different firms, has recently secured $54 million in a Series A funding round led by 10T Holdings and with contributions from Ripple Labs. The company’s vision is to combine artificial intelligence (AI) and blockchain technology to develop the infrastructure necessary for users to fully experience the metaverse. Futureverse was created through the merger of eight companies in late 2022, followed by the assimilation of three more. Notable projects currently under Futureverse include FLUF World, a collection of cartoon rabbit non-fungible tokens (NFTs), and AI League, a FIFA-licensed mobile soccer game.
Key Points:
– Futureverse has raised $54 million in a Series A funding round led by 10T Holdings and Ripple Labs.
– The company aims to combine AI and blockchain to build the metaverse infrastructure.
– Futureverse was formed through the merger of eight companies, with three more added later.
– Existing projects include FLUF World (NFT collection) and AI League (FIFA-licensed mobile game).
– The funding received by Futureverse goes against the trend of limited capital availability in the digital asset industry.
The fact that Futureverse has secured such a significant amount of funding suggests that investors are still enthusiastic about projects that integrate digital assets with other sectors, such as AI. This aligns with the increasing interest in AI-driven platforms like ChatGPT. Futureverse’s ability to merge AI and blockchain technology positions it well for success in the growing metaverse ecosystem.
Hot Take: Futureverse’s merger of AI and blockchain creates exciting possibilities for the metaverse. With their funding and notable projects, they are well-positioned to lead the way in this emerging space.
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