The post Futureverse and Animoca Brands Forge Strategic Partnership to Enhance Metaverse and AI Ecosystems appeared on BitcoinEthereumNews.com.

Futureverse and Animoca Brands have announced a strategic partnership aimed at advancing the capabilities of Futureverse’s metaverse technology stack and expanding its token ecosystem. According to Animoca Brands, the collaboration will leverage Animoca Brands’ extensive portfolio of blockchain-based products to enhance the reach and functionality of Futureverse’s offerings. Strategic Partnership Details Under the terms of the Memorandum of Understanding (MoU), the partnership will involve a mutual equity swap valued at $5 million. Animoca Brands will subscribe for Futureverse shares based on a valuation of $754 million for the entire issued share capital of Futureverse. Concurrently, Futureverse will subscribe for shares in Animoca Brands Corporation Limited at A$4.5 per share. This strategic alliance aims to integrate Futureverse’s advanced AI and metaverse tools within Animoca Brands’ ecosystem, which includes over 400 Web3 projects. The collaboration will also focus on accelerating the growth of the Futureverse token ecosystem, which includes The Root Network’s ROOT token, the ASTO token for AI protocols, and the SYLO token for communication and social graph protocols. Technological Integration The Futureverse Platform offers a suite of AI and metaverse tools that blend the accessibility of Web2 with the power of Web3. Key components include Pass, a digital passport for managing identity and data; DOT (Dynamic Object Transfer), a tool for creating interoperable digital collectibles; and the Swappables and Wearables Engine for app and game developers. Futureverse is also pioneering generative AI assets with tools like DOC (Dynamic Object Creator) for text-to-3D creation and JEN, a high-fidelity text-to-music platform. Futureverse recently showcased its innovative technology through the Reebok Impact AI fashion experience on Instagram, allowing users to create custom digital sneakers via direct message. This initiative highlights Futureverse’s commitment to simplifying Web3 technology while maintaining the benefits of digital ownership and interoperability. Future Projects and Collaborations Futureverse has announced The…

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Filed under: News - @ July 1, 2024 3:08 am