In a Series A round headed by 10T Holdings and includes contributions from Ripple Labs, Futureverse, a startup made up of 11 separate companies, raised $54 million, the company announced on Tuesday.In order to provide the framework for users’ experiences of the metaverse, the company aims to mix AI with blockchain.It was created by the late 2022 merger of eight businesses, with the following incorporation of three more.
Bloomberg was the first to break the funding news.The two most notable current projects from Futureverse are AI League, a mobile soccer game licensed by FIFA, and FLUF World, a non-fungible token (NFT) collection of cartoon bunnies.The size of the funding would seem to go counter to the general pattern in the digital asset sector, where it has been difficult to find cash during the bear market circumstances of the past year or more.
It implies that investors are still enthusiastic about initiatives that integrate digital assets with other industries, such as AI, which has seen a rise in interest this year thanks to tools like the language-recognition engine ChatGPT.