On July 18, Ripple announced it had invested in AI and metaverse technology and content company, Futureverse. The move has given a second wind to XRP prices which are outperforming the top 20 crypto assets at the moment. The company has raised $54 million in a Series A round of funding in an effort to marry AI and the metaverse. Futureverse offers AI content generation tools designed to enhance the music, objects, characters, and animations for metaverse platforms. Futureverse is already a technology partner with Ripple. Its “Root Network” blockchain is integrated with XRPL and supports the use of XRP as a GAS token as well as the XLS-20 NFT standard.
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