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Partnerships
Animoca Brands and Futureverse partner to improve Futureverse's metaverse technology stack
Web3 Ecosystem
Jun 28, 2024
This week:
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Yesterday
Web3 Ecosystem

Web3 Ecosystem

Jun 28, 2024

Animoca Brands and Futureverse partner to improve Futureverse's metaverse technology stack

Partnerships

  • Animoca Brands, a leading Web3 company responsible for the social metaverse platform, has partnered with Futureverse, a similar company, to improve the latter's metaverse technology stack.

  • Futureverse aims to leverage Animoca Brands' extensive ecosystem of blockchain-based products, including games and digital entertainment, to enhance its metaverse technology capabilities. This collaboration also seeks to support the growth of Futureverse's token ecosystem, which includes ROOT, ASTO, and SYLO tokens.

  • Under the Memorandum of Understanding (MoU), Futureverse and Animoca Brands plan to exchange equity, involving shares valued at USD 5 million from each other or their respective group companies.

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