10T Holdings backs Futureverse in a $54 million round

5 Metaverses You Can Join Right Now
5 Metaverses You Can Join Right Now

AI and metaverse-focused platform Futureverse closed a $54 million Series A funding round led by 10T Holdings.

Other participants include Mastercard, Ripple and other unnamed investors.

The platform offers “a suite of proprietary AI-enabled content generation tools to enhance the music, objects, characters, and animations that make up the metaverse.”

The Futureverse is known for its FLUF World, a collection of non-fungible tokens where each NFT is a cartoon rabbit with unique traits. Another product was AI League, a FIFA-licensed football simulator for mobile devices.

The company brought together 11 different startups from sectors such as blockchain, artificial intelligence, virtual worlds and games.

The firm will use the funding received to improve the platform, which includes Powered By Futureverse tools and products, as well as The Root Network, a blockchain and a set of protocols for creating applications, games and interacting with users of the metaverse.

According to 10T Holdings CEO Dan Tapiero, Futureverse has developed an immersive and vertically integrated platform that acts as an AI technology provider, infrastructure builder, L1 architect, creative studio, and all-in-one digital community.

“We intend to transform virtual worlds from an abstract idea into a tangible, accessible and interactive destination,” Aaron McDonald and Shara Senderoff, co-founders of Futureverse, said in a statement.

Earlier, the platform partnered with Ripple and agreed to integrate XRP and the XLS-20 NFT standard.

The firm also collaborates with FIFA, Authentic Brands Group, Wimbledon, Death Row Records, Wētā Workshop, Snoop Dogg, Timbaland, Keanu Reeves and Alexandra Grant.

The company expects that its solutions will contribute to the further development of “compatible applications, games and user experience.”

Recall that ForkLog, as part of a new series of podcasts about the metaverses, considered their difficulties faced by their growing market.

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