The Future of Augmented Reality: Bridging the Gap Between Magic and Reality
Futureverse Raises $54M in Funding
Futureverse, an AI and metaverse technology and content company, has raised $54 million in a new round of funding to marry AI and the metaverse.
Led by 10T Holdings and Ripple, the funding will be used to continue developing Futureverse's comprehensive technology, including its Futureverse Platform featuring 'Powered By Futureverse' tools and products.
Futureverse's suite of proprietary AI content generation tools enhances music, objects, characters, and animations that will be part of the metaverse.
The company's goal is to create an open and interactive metaverse, revolutionizing the way we engage with technology and content.
Creating an Open Metaverse
Futureverse aims to combine technological infrastructure and AI-driven content to create the open metaverse that everyone envisions.
With the help of partners 10T and Ripple, Futureverse wants to take the metaverse from an abstract idea to a practical, accessible, and interactive destination.
The company's mission is to empower developers and users to create and engage with interoperable content and applications previously unavailable within the metaverse.
With the launch of AI-powered consumer games in collaboration with FIFA and Muhammad Ali Enterprises, Futureverse is already making strides towards its vision.
Blockchain Technology and the Metaverse
Futureverse's technology also relies on blockchain, allowing users to truly own their digital identity and assets within the metaverse.
A recent court ruling freeing crypto and blockchain game companies from certain regulations has further solidified blockchain's importance in the metaverse.
Futureverse sees blockchain as a crucial component, enabling true data ownership and community-owned infrastructure within the open metaverse.
Using The Root Network and Ripple's XRPL, Futureverse is building next-generation metaverse apps, games, and experiences.
AI-Powered Consumer Games in the Metaverse
Futureverse has already launched AI-powered consumer games in collaboration with FIFA and Muhammad Ali Enterprises.
These games, such as AI League and Muhammad Ali - The Next Legends, showcase Futureverse's commitment to being a leader in the AI gaming space within the metaverse.
Futureverse's AI technology enhances the gameplay experience, bringing magic and fantasy to life for players.
With immersive graphics and interactive storytelling, these games transport players into a world reminiscent of fairytales and Alice in Wonderland.
Founders' Vision of the Metaverse
The founders of Futureverse believe that the metaverse is the next evolution of the internet, defined by immersive convergence and data empowerment.
They envision a seamless, interconnected experience where AI tools make it easier for anyone to create and engage with content.
The Futureverse Platform aims to make content layer interoperability within the metaverse a reality, bridging the gap between magic and reality.
With its robust suite of proprietary AI content generation tools, Futureverse is at the forefront of shaping the future of the metaverse.
Futureverse's Rollup Companies
Futureverse has consolidated 11 metaverse infrastructure and content companies into one collaborative ecosystem.
Through this rollup, Futureverse aims to deliver essential components for constructing any metaverse application, creating one of the world's largest metaverse communities.
The rollup includes companies like Altered State Machine, Non-Fungible Labs, Sylo, Centrapay, and more, powered by digital collectibles.
Futureverse's focus on an open, scalable, and interoperable infrastructure positions them as a major player in the metaverse industry.
References
Dean Takahashi. (July 18, 2023). Futureverse raises $54M to marry AI and the metaverse. venturebeat.com.
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