Futureverse and Animoca Brands Forge Strategic Partnership to Enhance Metaverse and AI Ecosystems

Futureverse
and
Animoca
Brands
have
announced
a
strategic
partnership
aimed
at
advancing
the
capabilities
of
Futureverse’s
metaverse
technology
stack
and
expanding
its
token
ecosystem.
According
to

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

Strategic
Partnership
Details

Under
the
terms
of
the
Memorandum
of
Understanding
(MoU),
the
partnership
will
involve
a
mutual
equity
swap
valued
at
$5
million.
Animoca
Brands
will
subscribe
for
Futureverse
shares
based
on
a
valuation
of
$754
million
for
the
entire
issued
share
capital
of
Futureverse.
Concurrently,
Futureverse
will
subscribe
for
shares
in
Animoca
Brands
Corporation
Limited
at
A$4.5
per
share.

This
strategic
alliance
aims
to
integrate
Futureverse’s
advanced
AI
and
metaverse
tools
within
Animoca
Brands’
ecosystem,
which
includes
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.

Technological
Integration

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.

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





scalability
of
the
open
metaverse.

Management
Commentary

“Animoca
Brands
is
the
clear
market
leader
in
Web3
game
publishing
and
its
expertise
and
reach
in
growing
this
ecosystem
is
unparalleled.
We
are
excited
to
deepen
our
strategic
ties
and
bring
our
world-leading
AI,
Web3
gaming
technology,
and
A-list
IP
to
help
supercharge
its
portfolio,”
said
Aaron
McDonald,
co-founder
of
Futureverse.

Yat
Siu,
executive
chairman
and
co-founder
of
Animoca
Brands,
added,
“We
are
excited
to
partner
with
Futureverse,
whose
innovative
AI
and
metaverse
technologies
are
set
to
transform
the
digital
landscape.
This
strategic
partnership
and
mutual
investment
will
allow
us
to
leverage
Futureverse’s
advanced
technology
stack
to
significantly
enhance
our
portfolio
of
over
400
Web3
investments.”

About
Futureverse

Futureverse
is
a
leader
in
AI
and
metaverse
technologies,
focusing
on
building
the
infrastructure
of
the
open
metaverse.
Known
for
its
innovative
experiences
and
strategic
partnerships
with
organizations
like
Warner
Brothers,
FIFA,
and
Reebok,
Futureverse
aims
to
make
Web3
technology
accessible
and
beneficial
for
digital
ownership
and
interoperability.

About
Animoca
Brands

Animoca
Brands
is
a
Web3
leader
that
leverages
blockchain
to
deliver
digital
property
rights,
aiming
to
establish
the
open
metaverse.
The
company
develops
and
publishes
a
wide
range
of
products,
including
original
games
and
products
using
popular
intellectual
properties
from
sports
and
entertainment.

Image
source:
Shutterstock