Valued at $9B, Pokemon Go creator to build metaverse with fresh funding
Prominent crypto investors like Chainalysis and Coatue have invested $300 million in Niantic’s metaverse project. Niantic, the popular augmented reality (AR) mobile game Pokemon Go developer, is planning to build a “real-world” metaverse with newly raised funding.The company officially announced Monday the completion of a $300 million raise from the technology-focused investment manager Coatue, bringing the company’s valuation to $9 billion.Coatue is known as a major investor in the cryptocurrency and blockchain industry, backing companies like blockchain intelligence firm Chainalysis,....
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Establishing a presence in the Metaverse will become a necessity for companies and brands. Purchasing real estate in the virtual world is one option, although it can quickly get expensive. MetaDojo has a solution for more affordable Metaverse premises and raised $3 million in funding to build this crucial infrastructure. Pushing Into The Metaverse As […]
The AI-generated avatar creation cross-platform for the metaverse, Ready Player Me, has raised $56 million in a Series B funding round led by Andreessen Horowitz (a16z). The startup’s co-founder and CEO Timmu Tõke says the funding will be used to scale the cross-platform metaverse avatar system.
Investors Inject Ready Player Me With Fresh Capital, CEO Says ‘Interoperability’ Is the Key to Unlocking the Metaverse
On Tuesday, Ready Player Me (RPM), a startup that issues 3D avatars to be leveraged in the metaverse, announced that the firm has raised $56....
Portals co-founder Adam Gomez explained that a browser-based platform lowers the barrier to enter metaverse for many people. Metaverse startup Portals has raised fresh funds to finance its browser-based metaverse that allows people to enter without virtual reality (VR) equipment.Portals co-founder Adam Gomez told Cointelegraph that a browser-based platform lowers the barrier to enter metaverse for many people. Simply clicking a link would allow users to enter the metaverse or someone else's space. He added that users shouldn't have to get a VR headset or a gaming PC to enter or shape the....
The Chinese metaverse industry has reportedly raised about $780 million in funding and there are expectations this will grow to be a $5.8 trillion industry by 2030. So far there are 160,000 virtual human enterprises in China while 20 provinces or cities in the country are reportedly supporting the metaverse.
Developing the Metaverse
According to a local media report, China’s metaverse industry has raised $780 million (5.46 billion yuan) in funding. In addition to 160,000 “Chinese virtual human enterprises,” there are about 20 provinces or cities that are....
Cointelegraph explored Web3 creator economy protocol DEIP’s metaverse in an online event last week. A metaverse project that would provide a digital hub for creators gave the community an opportunity to travel within its metaverse city and explore an early version of the vision that it aims to achieve.Last week, Web3 creator economy protocol DEIP launched an event within its metaverse. With DEIP CEO and co-founder Alex Shkor acting as a virtual tour guide welcoming participants with a speech, Cointelegraph explored the city while listening to the guide. Exploring the DEIP metaverse city.In....