In the realm of upcoming technologies, Futureverse, a pioneering force in AI and metaverse innovations, has joined hands with Animoca Brands, a company at the forefront of digital property rights advocacy in the quest to shape an expansive and inclusive metaverse. The two entities have formalized their collaboration through a Memorandum of Understanding (MoU), outlining a strategic alliance aimed at amplifying the scope and functionalities of Futureverse’s cutting-edge metaverse technology suite by harnessing Animoca Brands’ wide-reaching ecosystem of blockchain-based offerings, which include games and various digital entertainment avenues. This partnership is poised to expedite the expansion of the Futureverse token ecosystem, encompassing The Root Network’s ROOT token, the AI protocol-fueled ASTO token, and the SYLO token facilitating communication and social graph protocol for SYLO. As per the MoU, there are plans for an equity swap worth US$5 million involving shares of both companies or their affiliated entities.
Efforts are underway for Futureverse and Animoca Brands to bolster the Futureverse Platform and its generative AI solutions across Animoca Brands’ extensive investment portfolio spanning over 400 Web3 projects. Central to the Futureverse Platform is a suite of advanced AI and metaverse tools seamlessly blending the accessibility of Web2 with the potency and interoperability of Web3. This tool set comprises Pass, a digital passport empowering users to effortlessly manage their identity, data, collectibles, value, permissions, and status across diverse experiences; DOT (Dynamic Object Transfer), a groundbreaking tool enabling the creation of high-quality, interoperable digital collectibles or game assets; and the Swappables and Wearables Engine catering to developers seeking to create apps, games, and digital experiences with collectible composition and decomposition capabilities. Besides, Futureverse is charting new territory with generative AI assets like DOC (Dynamic Object Creator) for text-to-3D creation and JEN, a high-fidelity text-to-music platform.
A recent display of Futureverse’s innovation and creativity was the unveiling of Reebok Impact, a unique AI-driven fashion experience accessible via Instagram, enabling users to craft personalized digital sneakers seamlessly through direct messaging. This endeavor not only delves into the future of fashion but also underscores commitment to simplifying the complexities of Web3 technology while upholding the advantages of digital ownership and interoperability.
Furthermore, the launch of The Readyverse by Readyverse Studios, a venture under Futureverse, marks an exclusive collaboration with Warner Bros. Discovery to bring the Ready Player One franchise into the metaverse domain. Leveraging the capabilities of the Futureverse Platform and The Root Network, The Readyverse aims to pioneer an immersive discovery experience within the open metaverse landscape.
Under the collaborative initiatives, The Readyverse will work in tandem with Mocaverse, a prominent growth network with an interoperable infrastructure layer encompassing Account, Identity, Reputation, and PointFi systems established by Animoca Brands, to further enhance interoperability across experiences within the Moca Network, thereby contributing to the expansion and scalability of the open metaverse.
Regarding the proposed transaction details, Futureverse and Animoca Brands are planning an equity swap valued at US$5 million, as per the agreement terms. Animoca Brands is set to subscribe to Futureverse shares based on a valuation of US$754 million for the entirety of Futureverse’s issued share capital, while Futureverse will subscribe to shares in Animoca Brands Corporation Limited at A$4.5 per share, potentially issuing 1,658,375 Animoca Brands shares assuming an A$:US$ exchange rate of $0.67.
The transaction is subject to finalizing definitive agreements and receiving approval from both Futureverse and Animoca Brands Corporation Limited’s boards, with an anticipated completion timeline within the next two months.
In a statement, Aaron McDonald, co-founder of Futureverse, emphasized the significance of Animoca Brands as a market leader in Web3 game publishing and the unmatched expertise in fostering ecosystem growth. He expressed enthusiasm about the prospect of strengthening ties to bring together leading AI, Web3 gaming technologies, and high-profile IP within Animoca Brands’ extensive portfolio. Yat Siu, executive chairman and co-founder of Animoca Brands, echoed this sentiment, highlighting the transformative potential of Futureverse’s AI and metaverse technologies in reshaping the digital landscape. Siu underscored the strategic partnership’s value, emphasizing the mutual investment for leveraging Futureverse’s technology stack to bolster Animoca Brands’ vast array of Web3 ventures.
Futureverse stands out as a pivotal player in revolutionizing AI and metaverse technologies, striving to create open, scalable, and interoperable apps, games, and experiences. Focused on fortifying the technological backbone of the open metaverse, Futureverse has cultivated a robust digital collectibles community globally, marking its presence through collaborations with industry-leading IP and brands. Noteworthy collaborations include projects with Warner Brothers, FIFA, Mastercard, Authentic Brands Group, Reebok, and Muhammad Ali, in addition to the recent launch of Readyverse Studios, dedicated to bringing the Ready Player One franchise into the web3 metaverse. For additional information, visit the Futureverse website at futureverse.com.
Animoca Brands, recognized for its sterling contributions in the Web3 domain, stands as a beacon of digital property rights advocacy across global consumer segments, driving the establishment of an open metaverse using blockchain technology. With a diverse portfolio encompassing original games like The Sandbox, PHANTOM GALAXIES™, Life Beyond, and Crazy Defense Heroes, as well as products featuring popular intellectual properties from sports and entertainment realms, such as The Walking Dead, Power Rangers, MotoGP™, and Formula E, Animoca Brands is a force to reckon with in the Web3 landscape. The company’s robust network comprises multiple subsidiaries including The Sandbox, Blowfish Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca Brands Japan, Grease Monkey Games, Eden Games, Darewise Entertainment, Notre Game, TinyTap, SPORTPASS, PIXELYNX, WePlay Media, Gryfyn, and Azarus. Animoca Brands’ extensive investment portfolio of over 400 Web3 ventures, directly and through Animoca Ventures, underscores its active participation in shaping the future of Web3 technology. For further insights, visit www.animocabrands.com or follow on social media platforms including Twitter, YouTube, Instagram, LinkedIn, Facebook, and TikTok.
For media inquiries:
Futureverse: [email protected]
Animoca Brands: [email protected]
