Futureverse, a company specializing in the metaverse and artificial intelligence, in collaboration with Readyverse Studios, has announced the launch of The Readyverse metaverse in 2024. This project is inspired by Ernest Cline's famous science fiction novel "Ready Player One," which was published in 2011 and adapted into a film by Steven Spielberg in 2018.

Readyverse Studios has entered into an agreement with Warner Bros. Discovery for the rights to use the "Ready Player One" intellectual property in the metaverse, planning its launch in 2024. The studio has also secured exclusive rights to adapt any future works by Cline in Web3, promising to introduce additional brands and franchises in the near future.

The company aims to recreate Cline's vision by implementing the concept of an open metaverse, which includes provable digital ownership, community-owned infrastructure, decentralization, security, and compatibility.

The metaverse will operate on the Futureverse technology stack, using the Root Network blockchain, which is geared towards games and metaverses. Root Network has its own L1 blockchain and ROOT token, which is traded on various exchanges. This network, specifically designed for games and metaverse applications, supports fee payment with any tokens, a compatible asset registry, and artificial intelligence integration.

Shara Senderoff, co-founder of Futureverse, emphasized that existing intellectual properties can explore new revenue streams and interaction opportunities, bridging the gap between traditional entertainment and cutting-edge technologies. She highlighted the importance of collaborating with Hollywood to realize this ambitious project.

This collaboration between metaverse experts and owners of cinematic intellectual properties marks a significant departure from the 2023 opinion that "the metaverse is dead." Despite low activity on platforms like Decentraland or The Sandbox, the metaverse market is expected to begin reviving along with the growth of the cryptocurrency market.