Futureverse and Animoca Brands Forge Strategic Partnership to Advance Metaverse Technology and Expand Token Ecosystem

The collaboration will leverage Animoca Brands' extensive portfolio of blockchain-based products to enhance the reach and functionality of Futureverse's offerings.

Futureverse, a company specializing in AI and metaverse technologies, and Animoca Brands, a Web3 leader, have announced a strategic partnership to enhance Futureverse's metaverse technology stack and expand its token ecosystem.

This partnership will see Animoca Brands participate in Futureverse's upcoming capital raise, with a proposed subscription for Futureverse shares based on a valuation of $754 million for the entire issued share capital of Futureverse. The participation will be priced at A$4.5 per share.

Concurrently, Futureverse will also participate in Animoca Brands Corporation Limited's upcoming capital raise, with a proposed subscription for shares in Animoca Brands Corporation Limited at A$4.5 per share. This participation will be subject to the completion of Futureverse's upcoming capital raise and satisfaction of other conditions.

The partnership will integrate Futureverse's advanced AI and metaverse tools within Animoca Brands' ecosystem, which spans over 400 Web3 projects. The collaboration will also focus on accelerating the growth of the Futureverse token ecosystem, which includes The Root Network's ROOT token, the ASTO token for AI protocols, and the SYLO token for communication and social graph protocols.

Futureverse Platform Technology

The Futureverse Platform offers a suite of AI and metaverse tools that blend the accessibility of Web2 with the power of Web3. Key components include Pass, a digital passport for managing identity and data; DOT (Dynamic Object Transfer), a tool for creating interoperable digital collectibles; and the Swappables and Wearables Engine for app and game developers. Futureverse is also pioneering generative AI assets with tools like DOC (Dynamic Object Creator) for text-to-3D creation and JEN, a high-fidelity text-to-music platform.

Futureverse recently showcased its innovative technology through the Reebok Impact AI fashion experience on Instagram, allowing users to create custom digital sneakers via direct message. This initiative highlights Futureverse's commitment to simplifying Web3 technology while maintaining the benefits of digital ownership and interoperability.

Future Projects and Collaborations

Futureverse has announced The Readyverse, developed by its Readyverse Studios venture, in partnership with Warner Bros. Discovery to bring the Ready Player One franchise to the metaverse. The Readyverse will utilize the Futureverse Platform and The Root Network to create a groundbreaking discovery experience within the open metaverse.

The Readyverse will work with Mocaverse, an interoperable infrastructure layer developed by Animoca Brands, as part of the new partnership. This collaboration will advance interoperability across experiences within the Moca Network, contributing to the scalability of the open metaverse.