AI Metaverse Startup Futureverse Raises $54M

Crypto tech and gaming startup Futureverse has raised $54 million in Series A funding to further its metaverse aims, in a round led by venture capital firm 10T Holdings with XRP Ledger creator Ripple Labs also participating. 


Futureverse said in a statement that it will use the funds for research and development, as well as to further its gaming-focused blockchain called The Root Network, which is Ethereum Virtual Machine-compatible and offers an XRP Ledger integration. Root Network supports the use of XRP and its NFTs. The company also has plans to develop more blockchain games in the future.

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