Futureverse and Animoca Brands, have announced the formation of a strategic partnership to enhance the reach and capabilities of Futureverse's advanced metaverse technology stack by leveraging Animoca Brands’ extensive ecosystem of blockchain-based products, including games and other forms of digital entertainment.

The partnership will also accelerate the growth of the Futureverse token ecosystem, including:

• The Root Network's ROOT token
• The ASTO token powering Futureverse's AI protocol
• The SYLO token for social and gaming data oracles

Under the MoU, Futureverse and Animoca Brands intend to undertake an equity swap involving shares of each other (or their respective group companies) valued at US$5 million.

Futureverse and Animoca Brands will work to grow the Futureverse Platform and its generative AI technology throughout Animoca Brands' extensive portfolio of investments in over 400 Web3 projects. Futureverse has spearheaded the development of The Root Network as a sophisticated yet user-friendly L1 optimized for seamless interoperability across the open metaverse. Animoca Brands and Futureverse will collaborate to strategically foster the growth of the Futureverse token ecosystem.

“We are excited to partner with Futureverse, whose innovative AI and metaverse technologies are set to transform the digital landscape,” said Yat Siu, executive chairman and co-founder of Animoca Brands. “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.”

At the core of the Futureverse Platform is a suite of AI and metaverse tools that seamlessly blend the ease of accessibility of Web2 with the power and interoperability of web3. This suite of tools includes:

• Pass, a digital passport that allows users to effortlessly oversee their identity, data, collectibles, value, permissions, and status across diverse experiences
• DOT (Dynamic Object Transfer), a revolutionary tool empowering brands, developers, and agencies to craft high-quality, interoperable digital collectibles or game assets
• Swappables and Wearables Engine designed for developers building apps, games, and digital experiences that want to be able to compose and decompose collectibles from one another
• DOC (Dynamic Object Creator), generative AI tool which enables text-to-3D creation
• Jen, a high-fidelity text-to-music platform

Futureverse recently showcased its proprietary technology, innovation and creativity with Reebok Impact, a first-of-its-kind AI fashion experience accessible through Instagram allowing users to seamlessly create custom digital sneakers via direct message. Propelling sneaker enthusiasts into the future of fashion, Futureverse showcased its commitment to making the complexities of Web3 technology invisible while maintaining the benefits of digital ownership and interoperability.

“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 with and bring our world leading AI, Web3 gaming technology and A-list IP to help supercharge its portfolio,” said Aaron McDonald, co-founder of Futureverse.

Futureverse recently announced The Readyverse, developed by its Readyverse Studios venture, which has secured an exclusive partnership with Warner Bros. Discovery to bring the Ready Player One franchise to the metaverse. The Readyverse will harness the power of the Futureverse Platform and The Root Network to pioneer a groundbreaking discovery experience within the open metaverse.

As part of the partnership, The Readyverse will collaborate with Mocaverse, the marquee growth network with an interoperable infrastructure layer of Account, Identity, Reputation, and PointFi systems seeded by Animoca Brands, to advance interoperability across experiences within the Moca Network, contributing to the expansion and scalability of the open metaverse.