Blockchain
Futureverse and Animoca Brands Enter Strategic Partnership to Enhance Metaverse and AI Ecosystems
Futureverse and Animoca Brands announced a strategic partnership aimed at enhancing the capabilities of Futureverse’s metaverse technology stack and expanding its token ecosystem. Second Animoca brandsThe collaboration will leverage Animoca Brands’ broad portfolio of blockchain-based products to enhance the reach and functionality of Futureverse’s offerings.
Strategic Partnership Details
Under the Memorandum of Understanding (MoU), the partnership will involve a reciprocal share exchange 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.
The strategic alliance aims to integrate Futureverse’s advanced AI and metaverse tools into 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 merge the accessibility of Web2 with the power of Web3. Key components include Pass, a digital passport for identity and data management; DOT (Dynamic Object Transfer), a tool for creating interoperable digital collectibles; and Swappables and Wearables Engine for app and game developers. Futureverse is also pioneering generative AI resources with tools such as DOC (Dynamic Object Creator) for 3D text 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 personalized 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 venture Readyverse Studios, in partnership with Warner Bros. Discovery to bring the Ready Player One franchise into the metaverse. The Readyverse will utilize the Futureverse platform and The Root Network to create an innovative 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 promote interoperability between experiences within the Moca network, helping to scalability of the open metaverse.
Comment on management
“Animoca Brands is the undisputed market leader in Web3 game publishing and its expertise and scale in growing this ecosystem are unmatched. We are excited to deepen our strategic ties and bring our world-leading AI, Web3 game technology and best-in-class IP to help power its portfolio,” said Aaron McDonald, co-founder of Futureverse.
Yat Siu, executive chairman and co-founder of Animoca Brands, added: “We are thrilled to partner with Futureverse, whose innovative AI and metaverse technologies are poised to transform the digital landscape. This strategic partnership and mutual investment brings us will enable us to leverage Futureverse’s advanced technology stack to significantly enhance our portfolio of more than 400 Web3 investments.”
About Futureverse
Futureverse is a leader in AI and metaverse technologies, focusing on building open metaverse infrastructure. Known for its innovative experiences and strategic partnerships with organizations such as 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 provide digital property rights, aiming to establish the open metaverse. The company develops and publishes a wide range of products, including original games and products that utilize popular intellectual properties from sports and entertainment.
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