Futureverse and Animoca Brands form strategic partnership with mutual investment to fuel technology stack and token ecosystem growth

Futureverse,
a
leader
in
AI
and
metaverse
technologies,
and Animoca
Brands,
the
company
driving
digital
property
rights
to
help
build
the
open
metaverse,
have
entered
into
a
Memorandum
of
Understanding
(MoU)
for
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,
which
includes
The
Root
Network’s
ROOT
token,
the
ASTO
token
powering
Futureverse’s
AI
protocol,
and
the
SYLO
token
facilitating
SYLO’s
communication
and
social
graph
protocol.
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.

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;
and
the 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.
Additionally,
Futureverse
is
trailblazing
generative
AI
assets
with DOC (Dynamic
Object
Creator),
which
enables
text-to-3D
creation,
and 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.

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
(see announcement
of
4
January
2024).
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.

Proposed
transaction
details

Futureverse
and
Animoca
Brands
intend
to
undertake
an
equity
swap
valued
at
US$5
million,
on
the
following
terms.
Animoca
Brands
shall
subscribe
for
Futureverse
shares
based
on
a
valuation
of
US$754
million
for
the
entire
issued
share
capital
of
Futureverse,
and
Futureverse
shall
subscribe
for
shares
in
Animoca
Brands
Corporation
Limited
at
A$4.5
per
share
(indicatively
resulting
in
the
issue
of
1,658,375
Animoca
Brands
shares
assuming
a
A$:US$
exchange
rate
of
$0.67).

The
transaction
is
subject
to,
among
others,
entry
into
definitive
agreements
and
board
approval
of
both
Futureverse
and
Animoca
Brands
Corporation
Limited,
and
is
expected
to
be
completed
within
the
next
2
months.

Management
commentary

“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.

“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.” 

About
Futureverse

Futureverse
is
a
leader
in
revolutionary
AI
and
metaverse
technologies
that
enable
open,
scalable,
and
interoperable
apps,
games
and
experiences.
Focused
on
building
the
technological
infrastructure
of
the
open
metaverse,
Futureverse
maintains
one
of
the
largest
digital
collectible
communities
in
the
world
and
has
amassed
an
expansive
cultural
footprint
within
the
metaverse
space
and
beyond
through
strategic
partnerships
with
the
world’s
leading
IP
and
brands.
To
date,
Futureverse
has
built
innovative
experiences
with
renowned
organizations
including
Warner
Brothers,
FIFA,
Mastercard,
Authentic
Brands
Group,
Reebok,
and
Muhammad
Ali,
along
with
the
recent
launch
of
Readyverse
Studios,
exclusively
bringing
the
Ready
Player
One
franchise
to
the
metaverse
across
web3.
For
more
information,
visit futureverse.com.

About
Animoca
Brands

Animoca
Brands
(ACN:
122
921
813),
a Deloitte
Tech
Fast winner,
a Fortune
Crypto
40 company,
one
of
the Top
50
Blockchain
Game
Companies
2024,
and
one
of
the
Financial
Times’ High
Growth
Companies
Asia-Pacific
2023,
is
a
Web3
leader
that
leverages
blockchain
to
deliver
digital
property
rights
to
consumers
around
the
world
to
help
to
establish
the
open
metaverse.
The
company
develops
and
publishes
a
broad
portfolio
of
products
including
original
games
such
as The
Sandbox, PHANTOM
GALAXIES™,
Life
Beyond, and Crazy
Defense
Heroes,
and
products
utilizing
popular
intellectual
properties
from
the
worlds
of
sports
and
entertainment,
such
as
The
Walking
Dead,
Power
Rangers,
MotoGP™,
and
Formula
E.
It
has
multiple
subsidiaries,
including The
Sandbox, Blowfish
Studios, Quidd, GAMEE, nWay, Pixowl, Forj, Lympo, Animoca
Brands
Japan, Grease
Monkey
Games, Eden
Games, Darewise
Entertainment, Notre
Game, TinyTap, SPORTPASS, PIXELYNX, WePlay
Media, Gryfyn,
and Azarus.
Animoca
Brands
is
one
of
the
most
active
investors
in
Web3,
with
a
portfolio
of
over
400
Web3
investments,
both
directly
and
through
Animoca
Ventures,
including
Yuga
Labs,
Axie
Infinity,
Polygon,
Consensys,
Magic
Eden,
Fireblocks,
OpenSea,
Dapper
Labs,
Yield
Guild
Games,
and
many
more.
For
more
information
visit www.animocabrands.com or
follow
on X
(Twitter), YouTube, Instagram, LinkedIn, Facebook,
and TikTok.

Press
contacts

Futureverse: [email protected]

Animoca
Brands: [email protected]