From metaverse to debt-immersed: Futureverse enters receivership

Fluf World is part of the Futureverse ecosytem. (Image: NZME)

Wed, 01 Oct 2025

Futureverse, which took a half-billion-dollar bet on the metaverse, has entered receivership less than three years after its launch. Futureverse Corporation's directors, Daniel Gillespie and Aaron McDonald, voluntarily appointed Andrew Grenfell and Kare Johnstone of McGrathNicol as administrators on Tuesday.Promptly afterwards, Neale Jackson, Brendon Gibson and Daniel Stoneman of Calibre Partners were appointed receivers by secured lender, US digital asset investor 50T Funds.The Auckland-based company was established by McDonald,...

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