(Niantic) Niantic, which dubs as the creator of popular mobile game Pokemon Go, has raised $300 million for its “real-world” metaverse project.
The funds were raised from crypto tech investor Coatue. The investor’s general partner Matt Mazzeo says the funding helps to power the future of the internet, through the real-world metaverse exploits.
Niantic CEO and founder John Hanke says the company is focused on building the future of the real world characterized by digital creations, information, and entertainment.
Niantic believes a real-world metaverse, unlike a sci-fi one, improves people’s experiences. Hanke says humans are happier when the virtual world connects them to the physical one.
The funding by Coatue takes Niantic’s total valuation to $9 billion. Coatue also participated in a recent $555-million funding for crypto fintech MoonPay.
