Jadu Mirrorverse – an AR game built around virtual objects owned by the players — just raised $36M to help create the Web3 “definitive AR & gaming platform,” where Metaverse avatars and virtual identities will be central to the game. Now, the startup has over $45 million to accelerate development.
Bain Capital Crypto led the fundraising round. Other investors included LG Tech Ventures, The Venture Reality Fund, Permit Ventures, and Cozomo De’Medici.
“were blown away by the ingenuity of the Jadu team, the immersive AR gameplay, rich narrative around the Mirrorverse and devoted community.”Lydia Hylton from Bain Capital Crypto
The gaming company believes that “augmented reality is a new medium of expression that requires radical new tools of capturing and distributing value to reach sustained mainstream success.”
This summer, Jadu will release avatars developed for mobile AR. The Jadu App should also appear in the TestFlight beta and allow players to connect their Ethereum wallets to the app, choose a favorite NFT avatar, and access AR gameplay.
The Web3 Metaverse Index is a comprehensive directory of virtual worlds and immersive experiences built on decentralized technologies, including blockchain and peer-to-peer networks.