{"id":543370,"date":"2023-07-19T23:00:30","date_gmt":"2023-07-19T23:00:30","guid":{"rendered":"https:\/\/wncen.com\/?p=543370"},"modified":"2024-06-11T14:38:50","modified_gmt":"2024-06-11T14:38:50","slug":"back-in-the-game-ripple-joins-54-million-funding-round-for-metaverse-startup","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ripple\/back-in-the-game-ripple-joins-54-million-funding-round-for-metaverse-startup\/","title":{"rendered":"Back In The Game: Ripple Joins $54 Million Funding Round For Metaverse Startup"},"content":{"rendered":"

Ripple has been mostly preoccupied with its lawsuit with the United States Securities and Exchange Commission (SEC). However, with a partially favorable ruling from Judge Analisa Torres last week stating that XRP tokens sold on the secondary market are not securities, the crypto firm has turned its attention to other things. This time around, Ripple has dipped its toes into the metaverse sector, joining a massive funding round for Futureverse.<\/p>\n

Ripple Joins $54 Million Funding Round For Futureverse<\/h2>\n

On Tuesday, Bloomberg reported<\/a> that Futureverse, a metaverse startup, had raised a total of $54 million. The company completed the Series A funding round, although at an undisclosed valuation. But the interesting part of the raise was the parties involved.<\/p>\n

Related Reading: Why This Upcoming Event Is Bearish For Axie Infinity (AXS)<\/a><\/div>\n

The raise was led by 10T Holdings, a crypto investment firm. However, the funding round seems to have managed to draw the attention of Ripple Labs as well. The raise is also significant in the fact that it took place at a time when crypto-related companies are seeing a decline in funding.<\/p>\n

Interestingly, the Futureverse startup is a combination of other startups. According to the Bloomberg report, Futureverse is actually a combination of 11 startups that span across different industries. These include metaverse, gaming, and artificial intelligence (AI), among others.<\/p>\n

\"Ripple<\/p>\n

XRP price sitting at $0.79 | Source: XRPUSD on TradingView.com<\/a><\/pre>\n
Nevertheless, most of Futureverse\u2019s products so far seem to be combining metaverse, gaming, and AI. The startup currently has a football (soccer) game that can be played on mobile called \u2018AI League\u2019 that has also been licensed by FIFA. Its next gamin product is said to be a boxing game leveraging the power of AI.<\/p>\n
A Return Fueled By Positive Sentiment<\/h2>\n
Ripple has regained its foothold in the crypto industry following the court\u2019s ruling against the SEC last week. With this, both the company and its native token, XRP, have experienced renewed vigor in the market. One example is Ripple looking to leverage real-world assets<\/a> which it expects to reach a $30 trillion market cap in the next decade.<\/p>\n
Related Reading: Bearish Signal: BNB Open Interest Skyrockets To New Highs<\/a><\/div>\n
Following the ruling as well, the price of XRP jumped by over 60%, bringing the digital asset to its highest level since December 2021. Since then, XRP has continued on a bullish streak, surpassing Bitcoin in terms of average weekly volume<\/a>, and emerging as one of the top performers in the space.<\/p>\n
Presently, the price of XRP is sitting at $0.791, representing a 4.92% increase in the last 24 hours. On the 7-day chart, the cryptocurrency is seeing gains of 67% and is now the 4th-largest cryptocurrency with its market cap resting at $41.5 billion.<\/p>\n
Follow Best Owie on Twitter<\/a> for market insights, updates, and the occasional funny tweet\u2026 Featured image from iStock, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Ripple has been mostly preoccupied with its lawsuit with the United States Securities and Exchange Commission (SEC). However, with a partially favorable ruling from Judge Analisa Torres last week stating that XRP tokens sold on the secondary market are not securities, the crypto firm has turned its attention to other things. This time around, Ripple has dipped its toes into the metaverse sector, joining a massive funding round for Futureverse. Ripple Joins $54 Million Funding Round For Futureverse On Tuesday, Bloomberg reported that Futureverse, a metaverse startup, had raised a total of $54 million. The company completed the Series A funding round, although at an undisclosed valuation. But the interesting part of the raise was the parties involved. Related Reading: Why This Upcoming Event Is Bearish For Axie Infinity (AXS) The raise was led by 10T Holdings, a crypto investment firm. However, the funding round seems to have managed to draw the attention of Ripple Labs as well. The raise is also significant in the fact that it took place at a time when crypto-related companies are seeing a decline in funding. Interestingly, the Futureverse startup is a combination of other startups. According to the Bloomberg report, Futureverse is actually a combination of 11 startups that span across different industries. These include metaverse, gaming, and artificial intelligence (AI), among others. XRP price sitting at $0.79 | Source: XRPUSD on TradingView.com Nevertheless, most of Futureverse\u2019s products so far seem to be combining metaverse, gaming, and AI. The startup currently has a football (soccer) game that can be played on mobile called \u2018AI League\u2019 that has also been licensed by FIFA. Its next gamin product is said to be a boxing game leveraging the power of AI. A Return Fueled By Positive Sentiment Ripple has regained its foothold in the crypto industry following the court\u2019s ruling against the SEC last week. With this, both the company and its native token, XRP, have experienced renewed vigor in the market. One example is Ripple looking to leverage real-world assets which it expects to reach a $30 trillion market cap in the next decade. Related Reading: Bearish Signal: BNB Open Interest Skyrockets To New Highs Following the ruling as well, the price of XRP jumped by over 60%, bringing the digital asset to its highest level since December 2021. Since then, XRP has continued on a bullish streak, surpassing Bitcoin in terms of average weekly volume, and emerging as one of the top performers in the space. Presently, the price of XRP is sitting at $0.791, representing a 4.92% increase in the last 24 hours. On the 7-day chart, the cryptocurrency is seeing gains of 67% and is now the 4th-largest cryptocurrency with its market cap resting at $41.5 billion. Follow Best Owie on Twitter for market insights, updates, and the occasional funny tweet\u2026 Featured image from iStock, chart from TradingView.com<\/p>\n","protected":false},"author":541,"featured_media":543377,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16894],"tags":[88656,3680,13149,4531,10972,78763],"class_list":["post-543370","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ripple","tag-futureverse","tag-ripple","tag-ripple-investment","tag-xrp","tag-xrpusd","tag-xrpusdt"],"acf":[],"yoast_head":"\nBack In The Game: Ripple Joins $54 Million Funding Round For Metaverse Startup<\/title>\n<meta name=\"description\" content=\"Ripple has been mostly preoccupied with its lawsuit with the United States Securities and Exchange Commission (SEC). 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Best is a highly skilled professional with a track record of producing engaging and informative content. With a keen eye for detail and a passion for accuracy, Best is committed to ensuring that each article published meets the highest standards of quality. Best has over six years of experience in the crypto industry and has overseen the creation and publishing of thousands of articles over the years. Best is always abreast of everything that is going on in the crypto industry in order to create and curate the most relevant content for readers. This shines through in Best\u2019s publications, which are always clear and concise, enabling easy reading and understanding for all. Best is also an avid learner and advocate for new technology. This has seen Best dive into topics in areas such as decentralized finance (DeFi), non-fungible tokens (NFTs), Layer 2 blockchains, etc. In addition to this, Best is a vocal member of the crypto community across various social media platforms such as X and Reddit. Best\u2019s work garners tens of thousands of readers monthly, who rely on the information in these publications to keep up-to-date with everything happening in the crypto community. Best\u2019s articles explore breaking news, intricate systems such as yield farming, liquidity pools, and other decentralized finance (DeFi) systems. This is because Best understands the importance of information to gaining financial freedom and believes that everyone should have access to this information. Best also believes in leveraging the blockchain for philanthropy to create the most positive social impact. This involves work with charitable organizations focused on financial literacy and education. With each article, Best lends a voice to important issues such as a more financially inclusive future, transparent systems for growth and development, and technology that is not self-serving but one that serves all of humanity. When not curating engaging content, Best can be found reading a book with a cup of hot chocolate, enjoying a Netflix series, or exploring the outdoors with Green - the world\u2019s most quiet and well-behaved Husky. Best\u2019s interests also span other industries such as art, finance, and security, attending seminars and conferences in not just the crypto industry but other industries as well. As an animal lover, Best is also involved with charities for animals, local shelters, and rescues. Best is also involved in local events that promote inclusivity, such as being a prominent member of hiking clubs and a cycling club, as well as being a part of a very happy group of animal lovers. Best is a true professional in every sense of the word, with an exceptional dedication to producing high-quality work. This shines through in Best's work on and off the clock. These include advocating for inclusive crypto education for all, the impact of financial illiteracy, and the benefits of adopting new technologies such as cryptocurrencies. Best\u2019s prolific career in the media industry is a testament of how hard work and dedication pays.","sameAs":["https:\/\/www.linkedin.com\/in\/best-owie-41a150178\/","https:\/\/x.com\/https:\/\/twitter.com\/BestOwie"],"url":"https:\/\/wncen.com\/author\/owiebest\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Back In The Game: Ripple Joins $54 Million Funding Round For Metaverse Startup","url":"http:\/\/wncen.com\/news\/ripple\/back-in-the-game-ripple-joins-54-million-funding-round-for-metaverse-startup\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/ripple\/back-in-the-game-ripple-joins-54-million-funding-round-for-metaverse-startup\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/iStock-471085352-1-1.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/iStock-471085352-1-1.jpg?fit=1254%2C837"},"articleSection":"Ripple","author":[{"@type":"Person","name":"Best Owie"}],"creator":["Best Owie"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["futureverse","ripple","ripple investment","xrp","xrpusd","xrpusdt"],"dateCreated":"2023-07-19T23:00:30Z","datePublished":"2023-07-19T23:00:30Z","dateModified":"2024-06-11T14:38:50Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Back In The Game: Ripple Joins $54 Million Funding Round For Metaverse Startup\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/back-in-the-game-ripple-joins-54-million-funding-round-for-metaverse-startup\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/ripple\\\/back-in-the-game-ripple-joins-54-million-funding-round-for-metaverse-startup\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-471085352-1-1.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/iStock-471085352-1-1.jpg?fit=1254%2C837\"},\"articleSection\":\"Ripple\",\"author\":[{\"@type\":\"Person\",\"name\":\"Best Owie\"}],\"creator\":[\"Best Owie\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"futureverse\",\"ripple\",\"ripple investment\",\"xrp\",\"xrpusd\",\"xrpusdt\"],\"dateCreated\":\"2023-07-19T23:00:30Z\",\"datePublished\":\"2023-07-19T23:00:30Z\",\"dateModified\":\"2024-06-11T14:38:50Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/07\/iStock-471085352-1-1.jpg?fit=1254%2C837","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/543370","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/541"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=543370"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/543370\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/543377"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=543370"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=543370"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=543370"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}