Futureverse Secures $54M: AI & Metaverse Tech Investments

Futureverse, a frontrunner in artificial intelligence, metaverse technology, and content, disclosed today that it has secured an investment of $54 million. The investment round was spearheaded by 10T Holdings, with Ripple Labs also participating.

Although the enthusiasm for “Metaverse” startups and investments has subsided notably since last year, fresh investment news has emerged amidst the busy crypto market agenda.

Ripple, recently in the spotlight for its court triumph against the SEC, continues its investments while celebrating this victory.

Futureverse, a platform that harnesses both artificial intelligence and metaverse technology, has amassed $54 million in Series A financing with Ripple Labs participating.

Partnerships with FIFA and Mastercard

Futureverse announced that their platform encompasses a comprehensive array of “custom AI content creation tools suites,” explicitly designed to drive the music, objects, characters, and animations constituting the metaverse.

The company also revealed previous partnerships with an array of institutions and individuals including FIFA, Mastercard, Death Row Records, Snoop Dogg, and Keanu Reeves.

According to Bloomberg’s report, Futureverse’s founders chose not to disclose the company’s new valuation. Futureverse had collaborated with Ripple previously, integrating Futureverse product, The Root Network, with XRPL as part of this collaboration.