Tuesday, July 18, 2023

Futureverse Raises $54M For AI Metaverse Tools

Los Angeles-based Futureverse, a developer of generative AI technology which is focused on the gaming market, says it has raised $54M in a Series A funding. The funding was led by 10T Holdings, and also included Ripple. Futureverse says its AI content generation tools are "designed to enhance the music, objects, characters and animations that make up the metaverse." The company says its products include "a blockchain and suite of protocols with ready-made runtimes for building next-generation metaverse apps, games and experiences."