FutureVerserse acquires Candy Digital, Taper DC Comics and Netflix IP to stimulate the metaille strategy

FutureVerserse, an AI and Metaverse technology company, announced on Wednesday that the Candy Digital, a platform for digital collection objects, has taken over, even because interest in the sector has decreased in recent years.

The deal gives future access to the vast brand portfolio of the latter Blue chip, including Major League Baseball, Netflix and DC Comics.

Those brands “are already at the intersection of digital and real fandom,” said Aaron McDonald, co-founder and CEO of FutureSvers, in a statement shared with Decrypt.

The acquisition gives future access to Candy’s portfolio of more than 4 million digital collecting objects and customer base of 1.5 million accounts, whereby the AI ​​and Metaverse company is planning to gradually integrate its technology with Candy’s high-profile partnerships of intellectual property.

Futureverse claims that bringing in these brands and stories can help make it and build “compelling experiences” to “improve loyalty of the brand”.

Since its foundation at the end of 2022 and after its Serie A of $ 54 million almost two years ago, the company has positioned itself as a leader in the development of infrastructure for what it calls the ‘open metaverse’.

The company was last appreciated in 2023 at around $ 1 billion, making it the first Māori-Found-one-horn, according to For Callaghan Innovation, the government innovation agency of Nieuw -Zeeland.

The Candy content library will be integrated into the Root network, the Layer-1 blockchain from FutureVerserse who is designed to tackle the worries about the protection of intellectual property. Futureverse believes that the integration could help brands with Candy Digital to “use safely” and to protect their IP.

‘Natural Movement’

The acquisition was a “natural move” for Candy Digital, said his co-founder and senior vice-president Matt Novogratz in the statement. Futureverse has “patented technology” that has helped to determine how brands involve people in the digital world, “where most interactions take place,” he adds.

But skepticism about the term “metaverse“Fueled by the general market collection of NFTs, calls for concern about projects such as FutureVerserse.

Of the sale of Premier collections in the event of lossFor large technology companies to block their NFT projects, to market places Shift to AI Instead, those trends in the crypto industry have declined over the years.

Nevertheless, Futuresers is quickly expanded through strategic acquisitions and simultaneous partnerships.

These include IP collaborations with Warner Bros., Fifa and Reebok. In the meantime, the technological stack of the company generative AI tools, blockchain infrastructure and developer tools for creating interoperable digital experiences includes.

The investors of Candy Digital, including Galaxy Digital, Consensys MESH and Microsoft, will participate in the FutureVerse Ecosystem as part of the acquisition.

The exact financial conditions of the deal have not been announced. Decrypt did not immediately receive answers from FutureVerserse about this.

Disclaimer: Consensys is one of the 22 investors in an editorial independent decodes.

Published by Sebastian Sinclair