Futureverse Acquires Candy Digital to Enhance Metaverse Strategy
Futureverse, an AI and metaverse tech firm, has acquired Candy Digital, a digital collectibles platform. This acquisition provides Futureverse access to a wide range of intellectual properties including Major League Baseball, DC Comics, and Netflix, positioning it to create immersive digital experiences that boost brand loyalty. With over 4 million digital collectibles and a customer base of 1.5 million, Futureverse plans to integrate its technology with Candy's offerings into its layer-1 blockchain, The Root Network, designed for intellectual property protection. Despite skepticism surrounding the NFT market due to declining sales, Futureverse aims to leverage strategic acquisitions and partnerships to expand its digital footprint in an evolving metaverse landscape.
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