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General Catalyst Invests $7M In Ar Startup Selling Nft Jetpacks

General Catalyst Invests $7M In Ar Startup Selling Nft Jetpacks

12/16/21, 12:57 AM
Money raised
$7 million
After months of NFT mania and Facebook’s recent name change to Meta, it’s fair to say that “metaverse” chatter has reached a fever pitch. And while crypto investors are buying up avatars and digital swaths of land in hopes that a digital universe will spring up around these projects, it’s unclear which projects — if any — will stand the test of time.

Company Info

Company
Ar
Additional Info
The avatars can be viewed and raced around in the company’s AR app The Mirrorverse, which the company hopes to eventually turn into a full-fledged Pokémon GO-like game. Over the weekend, the company sold 6,666 NFT hoverboards for $4.4 million worth of the Ethereum cryptocurrency.