November 23 - 15:11
Niantic gets $300m investment for metaverse project
Niantic has raised $300m from crypto investor Coatue. The creator of Pokemon Go will use to cash to further its metaverse project. It aims to build a "real-world" metaverse to bring people closer to the outside world. Niantic was spun out of Google in 2010 but is now valued at $9bn in its own right following the Coatue investment. Its technology utilises mobile devices rather than headsets.
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