Animoca Brands and Futureverse plan $5 million equity swap to accelerate development of Futureverse token ecosystem

TechFlow news, June 29 — Animoca Brands and metaverse infrastructure company Futureverse have entered into a strategic partnership involving mutual investment to advance technology stacks and token ecosystems. This collaboration will accelerate the development of Futureverse's token ecosystem, including the ROOT token for Root Network, the ASTO token powering Futureverse's artificial intelligence protocol, and the SYLO token supporting Sylo’s communication and social graph protocol. Under the terms of the memorandum of understanding, Futureverse and Animoca Brands intend to conduct a $5 million equity swap involving shares in each other (or their respective group companies).