Sunday, June 1, 2025
No Result
View All Result
Clout Scoop
Subscribe To Our Newsletter
Follow Us on Google News
  • Home
  • Global News
  • Crypto News
  • NFT News
  • Stock News
  • Crypto PricesLive
    • Bitcoinlive
    • Ethereumlive
    • BNBlive
    • Solanalive
    • XRPlive
    • Dogelive
    • Shiba Inulive
    • More Currencieslive
  • Crypto Analysis
  • Crypto ConverterLive
Subscribe To Our Newsletter
Clout Scoop
Follow Us on Google News
No Result
View All Result
Clout Scoop
No Result
View All Result
Home NFT News

Futureverse and Animoca Brands Partner to Revolutionise the Metaverse

Collaboration Aims to Integrate AI and Blockchain Technologies for Enhanced Digital Experiences

  • By CS Web Desk
  • July 1, 2024
  • 5:51 pm
Futureverse, Animoca Join Forces
Futureverse, Animoca Join Forces | Image source: thenftunicorn
ShareTweetSend

Futureverse, a leader in AI and metaverse technologies, has partnered with Animoca Brands, known for digital property rights and blockchain-based entertainment. This collaboration aims to enhance Futureverse’s metaverse technology by integrating it with Animoca Brands’ extensive blockchain ecosystem. As part of this agreement, the companies will conduct an equity swap valued at $5 million.

The partnership is formalised through a Memorandum of Understanding (MoU). Animoca Brands will subscribe to Futureverse shares, valuing the company at $754 million. In return, Futureverse will acquire shares in Animoca Brands Corporation Limited. This exchange will boost the Futureverse token ecosystem, including The Root Network’s ROOT token, the ASTO token for Futureverse’s AI protocol, and the SYLO token for communication protocols.

ADVERTISEMENT

Futureverse’s AI and metaverse tools will be integrated with Animoca Brands’ portfolio of over 400 Web3 projects. Futureverse’s tech stack includes Pass, a digital passport for identity management; DOT (Dynamic Object Transfer), a tool for creating digital collectibles; and the Swappables and Wearables Engine for composable digital assets. Futureverse is also developing generative AI with DOC (Dynamic Object Creator) and JEN, a text-to-music generation platform. This collaboration will leverage Futureverse’s development of The Root Network, a user-friendly Layer 1 blockchain optimized for interoperability.

Yat Siu, executive chairman and co-founder of Animoca Brands, commented, “This strategic partnership and mutual investment will allow us to leverage Futureverse’s advanced technology stack to significantly enhance our portfolio of over 400 Web3 investments. With Futureverse’s sophisticated L1 blockchain, The Root Network, and its suite of AI-driven tools, we see significant potential to accelerate the growth of our ecosystem.”

ADVERTISEMENT

Futureverse has demonstrated its innovative capabilities with projects like Reebok Impact, an AI-driven fashion experience on Instagram that allows users to create custom digital sneakers. Another significant initiative is The Readyverse, developed in partnership with Warner Bros. Discovery, which aims to bring the Ready Player One franchise into the metaverse. This project will utilize the Futureverse Platform and The Root Network to create a discovery experience.

The partnership will also involve collaboration with Mocaverse, Animoca Brands’ growth network, to advance interoperability across the Moca Network.

ADVERTISEMENT

Aaron McDonald, co-founder of Futureverse, stated, “Animoca Brands is the clear market leader in Web3 game publishing and its expertise and reach in growing this ecosystem is unparalleled. We are excited to deepen our strategic ties and bring our world-leading AI, Web3 gaming technology, and A-list IP to help supercharge its portfolio.”

DON'T MISS THE LATEST REPORTS FROM CLOUT SCOOP!

By clicking ‘Subscribe’ you agree to receive newsletter from Clout Scoop.

Check your inbox or spam folder to confirm your subscription.

Disclaimer: Clout Scoop, an independent web-3 media company, delivers real-time news and insights on global trends, cryptocurrencies, stocks, and NFTs for informational purposes only. We want to clarify that our content does not constitute financial advice, and neither Clout Scoop nor our journalists endorse or recommend specific financial actions. We do not solicit funds, provide investment recommendations, or offer financial advice that involves monetary transactions. Readers are encouraged to conduct their own research and seek professional guidance before making any financial decisions. It is important to note that any investment-related decisions made based on our articles are at the reader's own risk, and Clout Scoop and our journalists bear no responsibility for the outcomes. We appreciate our readers' discernment and advocate for a prudent and informed approach to financial matters.

CS Web Desk

CS Web Desk

Desk reports from the independent web-3 media company Clout Scoop that provides real-time news and information about global trends, crypto, stocks, NFTs, and more.

Related Posts

clout scoop token
Crypto News

Clout Scoop Announces Official Token Launch via LaunchCoin Platform

Clout Scoop Prepares Comeback with $CLOUT Token to Power the Future of Web3 Journalism
Global News

Clout Scoop Prepares Comeback with $CLOUT Token to Power the Future of Web3 Journalism

The Future of Memecoins
Crypto News

What Makes Memecoins Unique in the Crypto Space?

Mobile Ad
Clout Scoop Poster Ad Place Your Ad Here
ADVERTISEMENT
ADVERTISEMENT
Mobile Ad
Clout Scoop Poster Ad Place Your Ad Here
ADVERTISEMENT
Next Post
Bitcoin ATMs Fuel Crypto Boom

Bitcoin ATMs Surge Globally, Fueling Crypto Accessibility and Financial Inclusion

Investor Nets Millions from BAKED

Investor Transforms $10,000 into $3 Million in Just 30 Minutes with BAKED Coin Investment

Ethereum ETFs Spark Investor Excitement

Ethereum ETFs Draw Growing Investor Interest

  • Home
  • Global News
  • Crypto News
  • NFT News
  • Stock News
  • Crypto Prices
    • Bitcoin
    • Ethereum
    • BNB
    • Solana
    • XRP
    • Doge
    • Shiba Inu
    • More Currencies
  • Crypto Analysis
  • Crypto Converter
  • Home
  • Global News
  • Crypto News
  • NFT News
  • Stock News
  • Crypto Prices
    • Bitcoin
    • Ethereum
    • BNB
    • Solana
    • XRP
    • Doge
    • Shiba Inu
    • More Currencies
  • Crypto Analysis
  • Crypto Converter
Clout Scoop

Clout Scoop is an independent web-3 media company that provides real-time news and information about global trends, crypto, stocks, NFTs, and more.

About Us

  • About Us
  • Contact
  • Transparency

Privacy

  • Disclaimer
  • Privacy and Policy
  • Terms and Conditions

Connect

  • Contribution
  • Follow
  • Subscribe

© 2024 Clout Scoop. All Rights Reserved.

To stay updated about developments, visit Company News. | To report issues, email us at errors@cloutscoop.com

To stay updated about developments, visit Company News. | To report issues, email us at errors@cloutscoop.com

© 2024 Clout Scoop. All Rights Reserved.

  • Home
  • Crypto News
  • NFT News
  • Global News
  • Stock News
  • Crypto Prices
    • Bitcoin
    • Ethereum
    • BNB
    • Solana
    • XRP
    • Doge
    • More Currencies
  • Crypto Converter
  • About Us
    • Contact
    • Transparency
  • Privacy and Policy
    • Terms and Conditions
    • Disclaimer
  • Contribution
    • Follow
    • Subscribe
No Result
View All Result

© 2024 Clout Scoop - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.