Futureverse and Animoca Brands Enter Strategic Partnership

Futureverse and Animoca Brands signed a Memorandum of Understanding to collaborate on enhancing metaverse technology and token ecosystems.

The Deets

• Equity Swap: Futureverse and Animoca Brands will undertake an equity swap valued at US$5 million.
• Token Ecosystem: The partnership aims to boost the Futureverse token ecosystem, including the ROOT, ASTO, and SYLO tokens
• Metaverse Technology: Futureverse's metaverse tools will be integrated into Animoca Brands' portfolio of over 400 Web3 projects.
• Strategic Growth: Both companies will leverage their technologies and networks to accelerate metaverse and AI advancements.

The Bulk

Futureverse, known for its pioneering work in AI and metaverse technologies, announced a partnership with Animoca Brands. This partnership is set to enhance the capabilities and reach of Futureverse's advanced metaverse technology stack by utilizing Animoca Brands’ extensive ecosystem while boosting Futureverse's token ecosystems. 

The Memorandum of Understanding includes an equity swap valued at $5 million, with both companies subscribing to each other's shares. This strategic move will support the growth of the Futureverse token ecosystem, encompassing The Root Network's ROOT token, the ASTO token powering Futureverse's AI protocol, and the SYLO token facilitating communication and social graph protocol.

By integrating Futureverse's metaverse tools and AI technologies into Animoca Brands' portfolio of over 400 Web3 projects, both companies aim to push the boundaries of digital and AI-driven experiences. Futureverse's suite of tools, including Pass, DOT, and the Swappables and Wearables Engine, will provide seamless interoperability across the open metaverse.

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🔜 What's Next?

The equity swap is subject to board approval and is expected to be completed within the next two months, paving the way for integrated metaverse experiences.

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