Futureverse raises $54M to marry AI and the metaverse
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Futureverse, an AI and metaverse technology and content company, has raised $54 million in a new round of funding in an effort to marry AI and the metaverse.
10T Holdings led the round and included participation from Ripple. Futureverse‘s technology platform includes a suite of proprietary AI content generation tools designed to enhance the music, objects, characters, and animations that will eventually be part of the metaverse.
The Ripple part of this is interesting, considering a federal court ruled last week that Ripple did not violate security laws when it sold its cryptocurrency tokens to the general public. That ruling will likely liberate crypto companies and blockchain game companies from regulations that have hampered revenue.
Futureverse wants to combine technological infrastructure and AI-driven content to create the open metaverse that everyone envisions. With the help of its tremendous partners 10T and Ripple, Futureverse aims to take the metaverse from an abstract idea to a practical, accessible, and interactive destination.
The tech also depends on blockchain technology, but the company hasn’t had as much reason to tout that until last week’s court ruling. There are many working pieces in the company’s strategy, as it has rolled up 11 companies since it started — most of that happened very quietly.
Futureverse was founded to empower developers and users to create and engage with interoperable content and applications previously unavailable within the metaverse. The company’s technology platform includes a robust suite of proprietary AI content generation tools designed to enhance the music,
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