Futureverse, a company specializing in AI and metaverse technologies, has partnered with Animoca Brands, a leader in digital property rights and blockchain-based entertainment.
The collaboration aims to enhance Futureverse’s metaverse technology by integrating with Animoca Brands’ extensive blockchain product ecosystem. As part of the agreement, the two companies will execute a $5 million equity swap.
Partnership Details
This partnership is made possible through a Memorandum of Understanding (MoU). Animoca Brands will acquire Futureverse shares, valuing Futureverse at $754 million. In return, Futureverse will acquire shares of Animoca Brands Corporation Limited. This will enable the Futureverse token ecosystem, including ROOT tokens for The Root Network, ASTO tokens for Futureverse’s AI protocol, and SYLO tokens for its communication and social graph protocol.
Futureverse’s AI and metaverse tools are integrated with Animoca Brands’ portfolio of over 400 Web3 projects. Futureverse’s technology stack includes Pass, a digital passport for identity management; DOT (Dynamic Object Transfer), a tool for creating digital collectibles; and Swappables and Wearables Engine for configurable digital assets. Futureverse is also developing generative AI using DOC (Dynamic Object Creator) and JEN, a text-to-music generation platform.
This collaboration will leverage The Root Network’s Futureverse development, a user-friendly layer 1 blockchain optimized for interoperability. This integration aims to strengthen Animoca Brands’ ecosystem and accelerate the growth and adoption of Web3 technologies.
Yat Siu, Chairman and Co-Founder of Animoca Brands, said: “This strategic partnership and mutual investment will enable us to significantly strengthen our portfolio of over 400 Web3 investments by leveraging Futureverse’s cutting-edge technology stack. With Futureverse’s sophisticated L1 blockchain, The Root Network, and AI-driven toolset, we see significant potential to accelerate ecosystem growth.”
Innovation and Projects
Futureverse has demonstrated its innovative capabilities through projects like Reebok Impact, an AI-powered fashion experience on Instagram that allows users to create custom digital sneakers. Another key initiative is The Readyverse, developed in partnership with Warner Bros. Discovery, which aims to bring the Ready Player One franchise to the metaverse. The project leverages the Futureverse Platform and The Root Network to create a discovery experience.
This partnership also includes collaboration with Mocaverse, Animoca Brands’ growing network, to enhance interoperability across the Moca network.
“Animoca Brands is the clear market leader in Web3 game publishing, and their expertise and reach in growing this ecosystem are unmatched. We are excited to further strengthen our strategic relationship and strengthen our portfolio by bringing in world-leading AI, Web3 game technology and A-list IP,” said Aaron McDonald, Co-Founder of Futureverse.