Futureverse and Animoca Brands have entered into a strategic partnership to accelerate the development of metaverse technology and expand the token ecosystem. Under a mutual equity swap deal valued at $5 million, the two companies will exchange shares, with Animoca Brands acquiring Futureverse shares at a $754 million valuation and Futureverse subscribing to Animoca Brands shares at A$4.5 each. This collaboration will see Futureverse’s AI and metaverse tools integrated into Animoca Brands’ ecosystem, which includes over 400 Web3 projects, while also boosting Futureverse’s token ecosystem, featuring ROOT, ASTO, and SYLO tokens. The partnership includes technological integrations like Pass for digital asset management and the introduction of The Readyverse, a metaverse project linked with Warner Bros. Discovery’s Ready Player One franchise. Management from both companies expressed excitement, noting the potential to significantly enhance their combined Web3 offerings.

Metaverse, Artificial Intelligence, Blockchain, Web3,Global, Australia, New Zealand

https://www.raptorgroup.com/news/futureverse-and-animoca-brands-forge-strategic-partnership-to-enhance-metaverse-and-ai-ecosystems/