AI and metaverse tech firm Futureverse has acquired digital collectibles platform Candy Digital.
This acquisition gives Futureverse access to Candy Digital’s partnerships with well-known brands such as Major League Baseball (MLB), Netflix, and DC Comics, bringing over 4 million digital collectibles and a customer base of 1.5 million accounts under their management.
The move is seen as part of Futureverse’s broader effort to integrate popular IP into its metaverse projects.
What is Futureverse?
Futureverse is a technology company that focuses on developing infrastructure for the metaverse, combining blockchain, artificial intelligence, and digital asset management tools.
Founded in 2022, it aims to build an “open metaverse” where brands and users can interact securely and across different platforms. Futureverse operates The Root Network, its proprietary layer-1 blockchain, designed to address IP concerns and support interoperable digital experiences.
The company gained early attention with its $54 million Series A funding round and was valued at around $1 billion in 2023, becoming the first Māori-founded company to achieve unicorn status.
In addition to Candy Digital, Futureverse has signed deals with major brands including Warner Bros., FIFA, and Reebok, allowing it to work with a range of licensed IPs.
What will this acquisition bring to Futureverse?
The acquisition gives Futureverse access to Candy Digital’s extensive content library, major brand partnerships, and established user base.
Futureverse plans to integrate Candy’s digital assets into The Root Network, aiming to strengthen IP protection and management for brands operating in digital environments. The company has stated that access to familiar brands and stories could support the development of “immersive experiences” designed to “enhance brand loyalty.”
Additionally, Candy Digital’s existing investors—including Galaxy Digital, ConsenSys Mesh, and Microsoft, among others—will join the Futureverse ecosystem as part of the transaction, expanding its network of strategic partners.
Blockchain evangelist. Content creator & graphic design hobbyist. Loves gaming!