July 18 Ripple announcedwhich has invested in Futureverse, an artificial intelligence, metaverse and content company.
Startup Futureverse recently completed a Series A round in which it raised $54 million. The funding round was led by crypto investment company 10T Holdings, and also attracted investments from the crypto giant Ripple Labs.
The Futureverse boasts a suite of proprietary AI content creation tools designed to improve the metaverse.
Futureverse founders Aaron McDonald and Shara Senderoff have declined to disclose the valuation of their Metaverse startup after a funding round, according to a Bloomberg report. Their startup brings together 11 metaverse infrastructure and content companies from various sectors including blockchain, artificial intelligence, metaverse and games.
Notable Futureverse products include an NFT collection called FLUF World and a FIFA-licensed mobile soccer game called AI League. Startup Metaverse is also gearing up to launch the first AI-powered boxing game.
“Futureverse has developed an immersive and vertically integrated metaverse platform that serves as an AI technology provider, metaverse infrastructure builder, Tier 1 architect, creative studio, and digital community all in one,” said Dan Tapiero, CEO and CEO. Investment Officer 10T.
Futureverse plans to use the investment from its latest funding round to develop its end-to-end technology. This will include a special focus on the root network, which is a blockchain and a set of protocols with ready-made runtimes for building next-generation metaverse applications. The root network is already integrated with XRP Ledger as part of Futureverse’s previous partnership with Ripple.