AI Metaverse Project Gains Support From Ripple & Crypto Leaders

Futureverse is a gaming startup using blockchain technology and artificial intelligence (AI), and Ripple Labs and cryptocurrency investment company 10T are investing $54 million in it.

According to a recent release, Futureverse intends to spend the money on research and development, including improving its Root Network technology.

The Root Network is a blockchain and set of protocols that already supports interaction with Ripple’s XRP Ledger (XRPL) and offers “ready-made runtimes” for creating metaverse applications, games, and experiences.

Futureverse is designing projects that connect AI and blockchain technology for consumers in the metaverse after combining 11 startup tech companies last year.

Popular items from the company include Muhammad Ali: The Next Legends, an AI boxing game, and FLUF World, a non-fungible token (NFT) collection of cartoon rabbits. AI League is a mobile football game that has FIFA licensing.

According to Monica Long, the CEO of Ripple,

“While we’re at the earliest stages of what a project like this – and really the larger concept of the metaverse – can achieve, we at Ripple are thrilled to contribute to the foundational infrastructure layer and provide real utility to the end users of the open metaverse.”

Futureverse will, in the words of 10T CEO Dan Tapiero, “achieve significant real-world commercial traction.”

Alan Howard, the billionaire hedge fund manager, and other notable investors recently supported the creation of a cryptocurrency private equity fund by Tapiero’s 10T, Managing an impressive $1.2 billion in assets.

As Tapiero said,

The immersive and vertically integrated metaverse platform that Futureverse has created serves as an AI technology provider, layer one architect, creative studio, and online community all in one.