Animoca Brands has partnered with Futureverse to conduct a $5 million equity swap.

ChainCatcher news, according to official sources, Animoca Brands has reached a strategic partnership with the metaverse infrastructure company Futureverse. The two parties will promote the development of the technology stack and token ecosystem through mutual investment.

It is reported that this collaboration will also accelerate the development of the Futureverse token ecosystem, which includes the ROOT token of the Root Network, the ASTO token that supports Futureverse's artificial intelligence protocol, and the SYLO token that facilitates the communication and social graph protocol of SYLO. According to the memorandum of understanding, Futureverse and Animoca Brands intend to conduct a share swap involving each other's (or their respective group companies) shares, valued at 5 million USD.