Niantic, the creator of Pokemon Go, is planning to build a “real-world” metaverse with newly raised funding. The company announced the completion of a $300-million raise from the technology-focused investment manager Coatue, bringing the company’s valuation to $9 billion.
Coatue is well known as a major investor in the cryptocurrency and blockchain industry, funding companies such as blockchain intelligence firm Chainalysis, cryptocurrency startup Fireblocks, blockchain security firm CertiK and others
Coatue general partner Matt Mazzeo said.
“We are excited to partner with Niantic because we see this infrastructure supporting a metaverse for the real world and helping to power the next evolution of the internet,”
Niantic did not openly state that its metaverse would implement any aspects of blockchain technology, NFT’s or cryptocurrencies. Launched in 2016, Niantic’s Pokemon Go is one of the most successful mobile games of all time, reportedly crossing the $5-billion revenue mark earlier this year.
