Futureverse and Animoca Brands, known for driving digital property rights in the open metaverse, announced a landmark Memorandum of Understanding (MoU) to enhance Futureverse\'s advanced metaverse technology stack. This strategic partnership leverages Animoca Brands’ extensive ecosystem of blockchain-based products, aiming to accelerate growth across both platforms.
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\"At the core of our partnership is the integration of Futureverse’s advanced technology stack with Animoca Brands’ robust portfolio of over 400 Web3 investments,\" said Futureverse co-founder Aaron McDonald. Futureverse’s flagship technology, The Root Network, optimized for seamless interoperability, will play a pivotal role in expanding capabilities and enhancing digital asset management within virtual environments.
Futureverse pioneers a suite of AI-driven tools designed to bridge the accessibility of Web2 with the power of Web3. \"Our suite of tools includes Pass, DOT (Dynamic Object Transfer), and the Swappables and Wearables Engine,\" McDonald highlighted, emphasizing their role in facilitating dynamic content creation and digital ownership across diverse experiences.
Showcasing Innovation: Reebok Impact and The Readyverse
Futureverse recently introduced Reebok Impact, an AI fashion experience allowing users to customize digital sneakers seamlessly via Instagram. \"We are committed to making Web3 technology accessible while maintaining digital ownership,\" McDonald affirmed, underscoring Futureverse’s dedication to innovation in digital fashion and consumer engagement.
Moreover, through Readyverse Studios, Futureverse secured an exclusive partnership with Warner Bros. Discovery to bring the Ready Player One franchise into the metaverse. \"The Readyverse will pioneer a groundbreaking discovery experience,\" McDonald elaborated, highlighting its potential to redefine interactive storytelling and digital exploration.
Aligned with their vision for an interconnected metaverse, Futureverse and Animoca Brands will collaborate on Mocaverse to enhance interoperability across digital experiences. \"This initiative integrates account management, identity verification, and reputation systems,\" McDonald explained, aiming to foster a unified digital ecosystem that supports seamless user interactions and scalability.
Strategic Equity Swap
The partnership includes a proposed equity swap valued at US $5 million, reflecting mutual investment and commitment to shared growth. \"Animoca Brands is the clear market leader in Web3 game publishing,\" noted McDonald, highlighting the strategic alignment in enhancing Futureverse’s token ecosystem and technological capabilities.
“We are excited to partner with Futureverse, whose innovative AI and metaverse technologies are set to transform the digital landscape. The potential of Futureverse’s technology stack to enhance Animoca Brands’ extensive Web3 portfolio and ecosystem growth.\"
Yat Siu, Executive chairman & co-founder of Animoca Brands
As pioneers in AI and metaverse technologies, Futureverse and Animoca Brands are poised to lead innovation in the metaverse. Their partnership signals a transformative shift in digital interaction, offering new possibilities for immersive experiences and decentralized digital economies.
Together, they are set to define the next chapter of the metaverse, leveraging technology to empower users and creators alike in a dynamic digital frontier.
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About Futureverse
Futureverse is a leader in revolutionary AI and metaverse technologies that enable open, scalable, and interoperable apps, games and experiences. Focused on building the technological infrastructure of the open metaverse, Futureverse maintains one of the largest digital collectible communities in the world and has amassed an expansive cultural footprint within the metaverse space and beyond through strategic partnerships with the world\'s leading IP and brands.
To date, Futureverse has built innovative experiences with renowned organizations including Warner Brothers, FIFA, Mastercard, Authentic Brands Group, Reebok, and Muhammad Ali, along with the recent launch of Readyverse Studios, exclusively bringing the Ready Player One franchise to the metaverse across web3. For more information, visit futureverse.com.
About Animoca Brands
Animoca Brands (ACN: 122 921 813), a Deloitte Tech Fast winner, a Fortune Crypto 40 company, one of the Top 50 Blockchain Game Companies 2024, and one of the Financial Times’ High Growth Companies Asia-Pacific 2023, is a Web3 leader that leverages blockchain to deliver digital property rights to consumers around the world to help to establish the open metaverse.
The company develops and publishes a broad portfolio of products including original games such as The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, and products utilizing popular intellectual properties from the worlds of sports and entertainment, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E.