Futureverse, a platform focused on applying AI and metaverse technologies, closed a $54 million Series A round. The round was led by 10T Holdings.
Among the other participants were Mastercard, Ripple, and other unnamed investors.
The platform offers a “suite of patented AI-powered content-generation tools to enhance music, objects, characters and animations that comprise the metaverse”.
Futureverse gained prominence thanks to FLUF World, a collection of non-fungible tokens where each NFT depicts a cartoon rabbit with unique traits. Another product was AI League — a licensed FIFA football simulator for mobile devices.
The company has brought together 11 distinct startups across sectors such as blockchain, artificial intelligence, virtual worlds and gaming.
The funds will be used to enhance the platform, including tools and products Powered By Futureverse, as well as The Root Network — a blockchain and set of protocols for creating applications, games and user interactions with metaverse users.
According to 10T Holdings CEO Dan Tapiero, Futureverse has developed an immersive and vertically integrated platform that serves as an AI technology provider, infrastructure builder, L1-level architect, creative studio and digital community — all in one.
“We intend to turn virtual worlds from an abstract idea into a tangible, accessible and interactive destination,” said Aaron Macdonald and Shara Senderoff, co-founders of Futureverse.
Earlier the platform became a partner with Ripple and agreed to integrate XRP and the XLS-20 NFT standard.
The company also collaborates with FIFA, Authentic Brands Group, Wimbledon, Death Row Records, Wētā Workshop, Snoop Dogg, Timbaland, Keanu Reeves and Alexandra Grant.
The company expects its solutions to advance the development of interoperable applications, games and user experiences.
In a ForkLog series on metaverses examined their difficulties, facing the challenges of their growing market.