AI-powered metaverse startup Futureverse raised $54M in Series A funding led by 10T Holdings with participation from Ripple Labs. The company was formed by merging 11 blockchain, AI, metaverse, and gaming startups. Futureverse initially merged eight startups in late-2022, adding three more later. - The firm laid off 20% staff during the restructuring process, bringing its total employee count to 250.
- The firm's key service offerings include an NFT token, FLUF World, and the mobile soccer game AI League.
- Futureverse intends to build the underlying metaverse infrastructure going forward.
- Co-founder Aaron McDonald is confident about blockchain's future potential, as he reckons the technology will gain prominence in giving users control over their digital identity and data.
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