Futureverse Raises $54M in Series A Funding Round with Ripple
Futureverse, a firm specializing in AI and metaverse technology for the gaming industry, has successfully completed its series A funding round, raising a total of $54 million. The funding round was led by 10T Holdings, with participation from Ripple, a cryptocurrency payment solutions provider. This funding not only provides financial support but also shows Ripple’s endorsement of Futureverse’s vision.
Key Points:
– Futureverse aims to scale AI and metaverse technologies on a large scale, transforming the metaverse into a practical and interactive destination for users.
– The company envisions becoming a leading provider of metaverse AI technology and has already integrated 11 startups into its ecosystem.
– Recent partnerships with FIFA and Muhammad Ali Enterprises have further solidified Futureverse’s position in the metaverse community.
– Futureverse plans to integrate its platform, The Root Network, with Ripple’s XRPL (XRP Ledger) to leverage the power of blockchain technology.
– Despite skepticism surrounding the metaverse concept, Futureverse remains determined to realize its vision, with Ripple expressing confidence in the company’s mission.
Hot Take:
Futureverse’s successful series A funding round, supported by Ripple, highlights the growing interest and investment in AI and metaverse technologies. By integrating blockchain technology and partnering with key players in the gaming industry, Futureverse is well-positioned to establish itself as a leading provider in the metaverse domain. Despite some skepticism, the company remains committed to its vision, and Ripple’s endorsement further strengthens its position for future success.
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