Futureverse Plans to Launch User-Controlled Metaverse
After successfully merging metaverse companies and creating the Root blockchain, Futureverse prepares to launch a user-controlled metaverse.
Technological and cultural open metaverse platform, Futureverse is planning to integrate the foundation for a user-controlled metaverse soon. This virtual interface will utilize augmented and virtual reality technology that combines social media, gaming, commerce, and finance. Futureverse will begin this concept starting from the consumer’s point of view before creating an interoperable environment that is easily available.
Futureverse Metaverse Exploits
According to the co-founder of Futureverse, Aaron McDonald: it is impossible for a company to stand as a single entity in the metaverse. He believes the metaverse should be a collection of user-owned, interoperable identity, data, and content that can be used across a wide range of applications. In a bid to pursue this goal, Futureverse has earlier amalgamated eight different companies which shared the same vision for the merger. These companies include Altered State Machine, Non-Fungible Labs, Sylo, Centrapay, Centrapass, Immersve, Shadows Interactive, and Altered Phoenix. Each of these companies has a specific and interactive function in the metaverse.
Futureverse is currently swapping its stocks for equity in these companies. There was also an equity funding round for the new business, of which the exact amount was not stated. McDonald only noted that the total investment was more than $100 million. Furthermore, Futureverse has successfully developed its own blockchain with plans to integrate several existing applications into the metaverse thereby providing a single interface for users. Besides this, the platform prepares to offer services like social networking, gaming, e-commerce, and financial services.
Currently, there are 500,000 users of applications and content as well as over 25,000 unique holders of Futureverse’s digital collectibles. With this in place, Futureverse can create its desired consumer-friendly metaverse.