Futureverse raises $54 million in Series A funding
Futureverse, a platform combining artificial intelligence and metaverse technology, has secured $54 million in Series A funding. Ripple Labs, a crypto payment solutions provider, participated in the funding round. Growth equity fund 10T Holdings led the investment. The company did not disclose its new valuation.
Main breakdowns:
– Futureverse’s platform offers AI content generation tools to enhance the metaverse.
– The company has formed partnerships with FIFA, Mastercard, Death Row Records, Snoop Dogg, and Keanu Reeves.
– Futureverse has integrated Ripple’s XRP token into its platform.
– The funding comes at a time when interest in metaverse startups has waned.
– Futureverse aims to promote the development of interoperable apps, games, and experiences.
Ripple supports Futureverse’s vision
Ripple President Monica Long expressed excitement about supporting Futureverse’s vision. She emphasized that the project is still in its early stages, but Ripple is committed to contributing to the foundational infrastructure of the metaverse and providing real utility to its users. The funding will enable Futureverse to further advance its technological solutions and tools.
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