Futureverse, a metaverse startup, has raised $54M in a Series A funding round led

 

Futureverse, a metaverse startup, has raised $54M in a Series A funding round led by 10T Holdings, Ripple Labs, and Bloomberg, signaling growing investor interest in the metaverse space.  The funding round was oversubscribed and saw participation from other notable investors, including SoftBank, Sequoia Capital, and Andreessen Horowitz. Futureverse aims to build a decentralized metaverse that offers virtual reality (VR) experiences, digital assets, and social interactions. The company plans to leverage blockchain technology to ensure transparency, security, and ownership of assets within the metaverse. The metaverse market is projected to reach a value of $280B by 2025, with a compound annual growth rate (CAGR) of 34.8% from 2021 to 2025. The investment from players like Ripple Labs and Bloomberg indicates a growing recognition of the potential of the metaverse as a new frontier. Futureverse plans to use the funding to expand its team, develop its metaverse platform, and forge partnerships with content creators, brands, and developers. Mordor Intelligence published a report titled "Metaverse Market — Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)."