Animoca Brands plans a $5 million equity swap with Futureverse

Golden Finance reports that Animoca Brands has entered into a strategic partnership with metaverse infrastructure company Futureverse. The two parties will promote the development of technology stacks and token ecosystems through mutual investment. It is reported that this cooperation will also accelerate the development of Futureverse's token ecosystem, including the ROOT token of the Root Network, the ASTO token supporting Futureverse's AI protocol, and the SYLO token facilitating SYLO's communication and social graph protocol. 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.