Having gathered $36 million in funding, Jadu is set to create a pioneering Web3 augmented reality gaming space.
The Jadu Mirrorverse, which revolves around players owning virtual objects, has successfully concluded its latest fundraising round. raised With an impressive $36 million raised to build what's being dubbed the Web3’s definitive AR & gaming hub, Jadu is shifting focus to where players' avatars and digital personas take a central role. The startup's funding has now exceeded $45 million, enabling them to expedite their development process.
Bain Capital Crypto led this round of investment, with participation from notable backers such as LG Tech Ventures, The Venture Reality Fund, Permit Ventures, and Cozomo De’Medici. Lydia Hylton from Bain Capital Crypto remarked that they were genuinely impressed by the Jadu team's creativity, the immersive gameplay, the rich narrative surrounding the Mirrorverse, and the commitment of its community.
The company firmly believes that augmented reality represents a revolutionary form of expression, necessitating radically innovative tools to monetize and share experiences for achieving lasting success in the mainstream market.
This upcoming summer, Jadu plans to introduce mobile-optimized avatars. The Jadu App is also set to debut in TestFlight beta, allowing users to link their Ethereum wallets, select preferred NFT avatars, and engage in AR gaming.
Jadu intends to incorporate 3D NFT avatars from renowned collections like Deadfellaz, CyberKongz, FLUFs, VOIDs, ChibiApes, Meebits, and several others.
Jadu has two NFT collections on OpenSea Gucci has introduced a striking line of digital wearables tailored for avatars roaming the Metaverse.
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In line with the Trust Project guidelines Agne is a journalist at Metaverse Post, focusing on the latest trends and breakthroughs in the realms of the metaverse, AI, and Web3. Her enthusiasm for storytelling drives her to conduct a multitude of interviews with specialists, continually in search of captivating narratives. She holds a Bachelor’s degree in literature and boasts a diverse writing background, encompassing topics from travel to art and culture. Additionally, Agne has volunteered as an editor for an animal rights organization, where she worked to elevate awareness surrounding animal welfare matters. Feel free to reach out to her via the contact information provided.
