•Shadows Interactive, an animation studio
McDonald co-founded Altered State, Centralpay, Centrapass, Immersve and Non-Fungible Labs, according to Northern. His co-founders in Futureverse are Shara Senderoff, Marco Brondani and Daniel Gillespie. The companies have employees in 16 countries. The mechanics of the rollup are that the newly created Futureverse entity is swapping its stock for equity in the eight constituent companies, according to McDonald. There was also an equity funding round for the new business, which McDonald declined to specify, but he indicated that the total investment in all of the companies is in excess of $100 million at undisclosed valuations.
Root operates with multiple tokens. The primary one is also called root, which is the network and governance token used in the proof-of-stake consensus system for updating the blockchain. Gas fees, which are paid to network validators to record transactions, are in Ripple’s XRPby default, but users can bring their own tokens from other blockchains and the network will convert them. The amount of Root tokens is capped at 12 billion.
Yet another token, sylo, is used as a reward in a gamified structure for people to provide computers that support services associated with Futureverse but that are not on the Root Network. These services include messaging or calling between connected wallet addresses and in app notifications. The Sylo Network creates metaverse characters called Seekers, which are associated with non-fungible tokens that can also become nodes, the devices that provide the computing power for the network.