Thu. Dec 2nd, 2021

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 large rounds in blockchain corporations together with Dapper Labs and OpenSea.

There is not any 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 Package, which permits different builders to construct location-based AR on high of the expertise 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 primarily based on a 3D map of the world that we consider will play a crucial function within the subsequent transition in computing,” mentioned Matt Mazzeo, a basic accomplice at Coatue.

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

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


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