{"id":81889,"date":"2023-07-19T12:09:57","date_gmt":"2023-07-19T09:09:57","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=81889"},"modified":"2025-09-12T01:46:04","modified_gmt":"2025-09-11T22:46:04","slug":"10t-holdings-backs-futureverse-in-54-million-ai-focused-series-a","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/10t-holdings-backs-futureverse-in-54-million-ai-focused-series-a\/","title":{"rendered":"10T Holdings backs Futureverse in $54 million AI-focused Series A"},"content":{"rendered":"<p>Futureverse, a platform focused on applying AI and metaverse technologies, <a href=\\\"https:\/\/www.prnewswire.com\/news-releases\/futureverse-raises-54-million-series-a-to-scale-metaverse-infrastructure-and-introduce-ai-to-the-metaverse-301879447.html\\\">closed<\/a> a $54 million Series A round. The round was led by 10T Holdings.<\/p>\n<p>Among the other participants were Mastercard, Ripple, and other unnamed investors.<\/p>\n<p>The platform offers a \u201csuite of patented AI-powered content-generation tools to enhance music, objects, characters and animations that comprise the metaverse\u201d.<\/p>\n<p>Futureverse <a href=\\\"https:\/\/www.bloomberg.com\/news\/articles\/2023-07-18\/ai-metaverse-startup-futureverse-raises-54-million\\\">gained prominence<\/a> 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 \u2014 a licensed FIFA football simulator for mobile devices.<\/p>\n<p>The company has brought together 11 distinct startups across sectors such as blockchain, artificial intelligence, virtual worlds and gaming.<\/p>\n<p>The funds will be used to enhance the platform, including tools and products Powered By Futureverse, as well as The Root Network \u2014 a blockchain and set of protocols for creating applications, games and user interactions with metaverse users.<\/p>\n<p>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 \u2014 all in one.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>\u201cWe intend to turn virtual worlds from an abstract idea into a tangible, accessible and interactive destination,\u201d<\/em> said Aaron Macdonald and Shara Senderoff, co-founders of Futureverse.<\/p>\n<\/blockquote>\n<p>Earlier the platform became a partner with <a href=\"https:\/\/forklog.com\/en\/news\/what-are-ripple-and-the-cryptocurrency-xrp\">Ripple<\/a> and agreed to integrate XRP and the XLS-20 NFT standard.<\/p>\n<p>The company also collaborates with FIFA, Authentic Brands Group, Wimbledon, Death Row Records, W\u0113t\u0101 Workshop, Snoop Dogg, Timbaland, Keanu Reeves and Alexandra Grant.<\/p>\n<p>The company expects its solutions to advance the development of interoperable applications, games and user experiences.<\/p>\n<p>In a ForkLog series on metaverses<a href=\"https:\/\/forklog.com\/en\/news\/theres-a-problem-people-dont-linger-the-metaverses-teething-problems\"> examined <\/a> their difficulties, facing the challenges of their growing market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Futureverse, a platform focused on applying AI and metaverse technologies, closed a $54 million Series A round, led by 10T Holdings.<\/p>\n","protected":false},"author":1,"featured_media":81890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,1353,112,1133],"class_list":["post-81889","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-metaverses","tag-ripple","tag-venture-investments"],"aioseo_notices":[],"amp_enabled":true,"views":"34","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81889","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=81889"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81889\/revisions"}],"predecessor-version":[{"id":81891,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/81889\/revisions\/81891"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/81890"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=81889"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=81889"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=81889"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}