Jadu raised $36M to build a Web3 AR gaming platform
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. Lydia Hylton from Bain Capital Crypto said they “were blown away by the ingenuity of the Jadu team, the immersive AR gameplay, rich narrative around the Mirrorverse and devoted community.”
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.
Jadu plans to support 3D NFT avatars from Deadfellaz, CyberKongz, FLUFs, VOIDs, ChibiApes, Meebits, and other collections.
Jadu has two NFT collections on OpenSea (Jetpack and Hoverboard). The NFT items will be playable in the AR video game. The floor price of a Jetpack NFT (1,111 NFTs in total) is 4.3 ETH, with over 3,700 ETH in traded volume. The current floor price of a Hoverboard is 0.68 ETH, with 6,666 NFTs in total and more than 4,800 ETH sales. Jadu collaborated with Grimes, Snoop Dogg, and Lewis Hamilton to create the Hoverboard.
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About The Author
Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.
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Agne is a journalist who covers the latest trends and developments in the metaverse, AI, and Web3 industries for the Metaverse Post. Her passion for storytelling has led her to conduct numerous interviews with experts in these fields, always seeking to uncover exciting and engaging stories. Agne holds a Bachelor’s degree in literature and has an extensive background in writing about a wide range of topics including travel, art, and culture. She has also volunteered as an editor for the animal rights organization, where she helped raise awareness about animal welfare issues. Contact her on agnec@mpost.io.
