According to Fortune magazine, Aaron McDonald and Shara Senderoff, co-founders of AI metaverse startup Futureverse, announced the establishment of a $50 million Web3 technology fund, Born Ready, to provide $250,000 to $2 million in investments to companies building Futureverse Web3 infrastructure and content networks. The Born Ready portfolio already includes sneaker startup FCTRY Lab and Web3 game studio Walker Labs. The Born Ready fund will also launch an accelerator to help nurture some portfolio companies.
Earlier news, Futureverse announced on July 18 that it had completed a US$54 million Series A financing round, led by 10T Holdings.