Pokémon Go developer aims at creating “ever-evolving AR map of the world”
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Niantic has raised $300 million to build the “real-world metaverse.”
Techcrunch reported that the investment came from Coatue, bringing Niantic’s valuation to $9 billion.
The Pokémon Go developer’s vision for the metaverse is quite different from the one Facebook/Meta is promoting, which aims at connecting users in VR. Niantic’s founder and CEO John Hanke actually published a blog post earlier this year saying this approach relying on virtual reality, popularised by Ready Player One, is a “dystopian nightmare.”
Niantic’s vision involves creating an “ever-evolving AR map