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    HomeReviewsNiantic raises $300 million to construct out a real-world metaverse | Pocket...

    Niantic raises $300 million to construct out a real-world metaverse | Pocket Gamer.biz


    Pokemon Go developer Niantic has raised $300 million on a $9 billion valuation.

    The lead investor Coatue has been very energetic in 2021, additionally main huge rounds in blockchain corporations together with Dapper Labs and OpenSea.

    There is no point out of blockchain from Niantic but, with the corporate speaking about constructing a “real-world metaverse”.

    In addition to its video games, Niantic has launched its Lightship AR Developer Equipment, which allows different builders to construct location-based AR on prime of the know-how powering Pokemon Go.

    Niantic has additionally been working by itself AR glasses though little is thought about this {hardware} other than the occasional cryptic tweet.

    “Niantic is constructing a platform for AR based mostly on a 3D map of the world that we consider will play a crucial function within the subsequent transition in computing,” stated Matt Mazzeo, a normal companion at Coatue.

    “We’re excited to companion with Niantic as a result of we see this infrastructure supporting a metaverse for the true world and serving to to energy the following evolution of the web.”

    To-date, Pokemon Go has generated greater than $5 billion in life-time income, though different related video games from Niantic have not discovered something like the identical degree of success. 

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