Futureverse Raises $54 Million to Advance AI and Metaverse Integration

cryptonews.com:

Futureverse, an AI and metaverse technology company, has raised $54 million in funding to support its mission of revolutionizing the metaverse with AI. 

The funding round, led by 10T Holdings and with participation from Ripple, will enable Futureverse to develop exclusive AI content generation tools that enhance music, objects, characters, and animations within the future metaverse.

To build next-generation metaverse applications, games, and experiences, Futureverse partners with Ripple to leverage the Root Network and a suite of protocols. 

The integration with Ripple's XRPL enables using XRP as a gas token and follows the XLS-20 NFT standard.

With notable partners like 10T and Ripple backing it, Futureverse aims to transform the metaverse from a conceptual idea into an immersive and accessible realm for everyone. 

The recent funding secured by Futureverse will be allocated towards further developing their comprehensive technology, focusing on enhancing the Futureverse Platform and its innovative tools and products.

In addition, Futureverse aspires to be a leader in AI gaming. They have recently collaborated with FIFA to launch the AI-powered consumer game AI League and partnered with Muhammad Ali Enterprises to release the AI-powered boxing game "Muhammad Ali – The Next Legends."

Futureverse, led by metaverse pioneer Aaron McDonald, investor/operator Shara Senderoff, information security expert Marco Brondani, and business operator Dan Gillespie, aims to establish itself as a critical player in the metaverse industry. 

Their primary objective is to create an open, scalable, and interoperable infrastructure that empowers developers and users to engage with previously inaccessible content and applications within the metaverse.

Mc