The LA-based startup, Futureverse, a leading AI and metaverse technology and content company, has successfully closed its Series A funding round, raising $54 million. The funding round was spearheaded by 10T Holdings, LLC, with Ripple also participating.
Futureverse was established with the goal of enabling developers and users to create and interact with interoperable content and applications that were previously inaccessible within the metaverse. The company’s technology platform boasts a powerful suite of proprietary AI content generation tools designed to enhance the music, objects, characters, and animations that constitute the metaverse.
By consolidating 11 metaverse infrastructure and content companies into a single collaborative ecosystem, Futureverse provides the essential components for building any metaverse application. This has led to the formation of one of the world’s largest metaverse communities powered by digital collectibles. Futureverse has also emerged as a leader in a new frontier of AI gaming.
The funds raised will be used to continue the development of Futureverse’s comprehensive technology, including its Futureverse Platform featuring “Powered By Futureverse” tools and products and The Root Network, a blockchain, and suite of protocols with ready-made runtimes for building next-generation metaverse apps, games, and experiences.
Futureverse’s co-founders, metaverse pioneer Aaron McDonald, tech and entertainment investor/operator Shara Senderoff, and seasoned technology and information security expert Marco Brondani, along with business operator Dan Gillespie, expressed their excitement about the potential of the metaverse to transform human engagement and collaboration. They believe that with the support of their partners 10T and Ripple, they can make the metaverse a tangible, accessible, and interactive destination.
Futureverse’s Series A funding round continues the company’s recent momentum. In April, the company announced a strategic partnership with blue-chip NFT collection Cool Cats, integrating Cool Cats’ iconic brand with Futureverse’s cutting-edge technology and bringing Cool Cats NFT holders into the Futureverse ecosystem.
In the last year, Futureverse has formed global strategic partnerships with renowned organizations, including FIFA, Authentic Brands Group (ABG), Mastercard, Wimbledon, Death Row Records, Wētā Workshop, Snoop Dogg, Timbaland, Keanu Reeves, and Alexandra Grant.
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