Futureverse Nets $54 Million in Series A Round to Pursue Metaverse - Tokenhell

Cryptocurrency tech and gaming firm Futureverse confirms raising $54 million in Series A round to finance its metaverse pursuit. The startup firm leveraged the input of venture capital firm 10T Holdings to lead the round

Ripple Labs Participates in Futureverse Series A Funding

The fundraiser of the crypto tech startup attracted the participation of San Francisco-headquartered Ripple Labs – the creator of XRP Ledger. Futureverse clarified it intends to utilize the funds towards funding research and development projects. Also, the firm will allocate a portion of the funds towards financing the gaming-specific blockchain – The Root Network

The platform identifies the game-focused blockchain as one offering XRP Ledger integration and compatible with the Ethereum Virtual Machine (EVM). Futureverse detailed that Root Network is intended to support XRP usage alongside NFTs. The company restated plans to build more blockchain-based games in the future

The Futureverse utive lauded ious investors’ input in the Series A round. Nonetheless, the representative declined the request to disclose their identities

The fundraising came following the December revelation that Futureverse secured eight crypto firms

Futureverse Develops AI-powered World Cup League Game

The announcement indicated they assembled them within the Futureverse brand, intending to deliver an open metaverse. Among the firms merged under the Futureverse brand are Non-Fungible Labs behind the Fluf World NFT creation and artificial intelligence (AI) Altered State Machine

The Futureverse confirmed rolling 11 firms into the brand. Recently, the brand unveiled two sports-related games. In particular, it leveraged AI in powering the gameplay for World Cup AI League launched in April. The mobile-based soccer is a FIFA-licensed game compatible with Android and iOS s

Although the game lacks famous human faces in real-world football, it features colorful cartoon characters that rely upon AI-powered control for movement. The Futureverse spokesperson lauded the World Cup game as witnessing widespread adoption, with over 50000 downloads realized on Android. He was noncommittal on the download in iOS since the game launched last week

Futureverse Unveils AP-powered The Next Legends Game

The Futureverse utive lauded the contribution of the developers behind the AI-powered game that accommodates Muhammad Ali NFTs. The product includes The Next Legends, released through support granted by the estate of the iconic later boxer

The Next Legends game features fantasy boxing allowing the players to become the coach. The player should offer strategic choices guiding the boxer during the matches. The developers reiterated that each boxer NFT requires pairing with the ‘AI Brain’ NFT to power towards the desired behavior.

10T chief utive Dan Tapiero lauded the milestone realized by Futureverse in developing immersive yet vertically-integrated metaverse infrastructure acting as the AI tech provider. The utive acknowledged Futureverse’s achievements in delivering a creative studio, metaverse infrastructure builder, and layer-1 architect alongside the vibrant digital community

Meanwhile, Mythical Games chief utive John Linden predicts that major publishers of traditional games will embrace the blockchain space. He anticipates that blockchain-based games will quickly scale. Such is demonstrated in the recent moves by EA Sports and Epic Games behind Fortnite creation in quickly integrating the NFT platform offered by Nike

Futureverse Dissaproves Skepticism of Metaverse Concept

The successful funding round realized by Futureverse defies the broader skepticism propelled by the perception of a weakening hype for the metaverse concept. The sizable raise indicates that the immersive future internet is viable despite the divestment admitted by social media giant Meta. The US-based company discarded the metaverse plans, ing speculators to confirm the death of the much-hyped metaverse concept.

Ripple Labs president Monica Long disapproves of writing off the metaverse future and instead affirms belief in the Futureverse vision. The utive indicated that though the company is still in its infancy phases, its achievements show the metaverse concept is viable

Long affirmed Ripple’s devotion to contributing to the foundational infrastructure layer. He considered the involvement of Ripple in providing real utility to the end users, thus scaling the open metaverse.

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