Niantic Inc., the developers of 'Pokemon Go,' has just received a huge funding of $20 million from Nintendo, Google, and The Pokemon Company in order to further enhance the game. Another $10 million will be given to Niantic upon reaching a major development of "Pokémon Go."
Game Spot reported that an upfront money of $20 million is given to Niantic for by the said companies. The developers said that they will be using the funds for the advancement of the soaring Pokemon Go and to add support for the AR game Ingress. Furthermore, some of the investments are intended to "bring new games to market."
CEO John Hanke of Niantic said in a statement that "The Pokemon Company, Google, and Nintendo are incredible investors and strategic partners to help build the next chapter for Niantic," These companies said to provide additional $10 million "upon achieving certain milestones."
In another report from Venture Beat, The Pokémon Company president and CEO Tsunekazu Ishihara said the The Pokémon Company and Niantic share the same passion in innovation and spirit of community. "Pokémon's strategic investment in Niantic paves the way for a social-mobile experience the world has never seen before," he said.
Pokémon GO is described by Cross Map a very innovative game where players will be given the chance to search for Pokémon within the real world. A 'Pokémon Trainer' just need a Nintendo-designed Pokémon Go Plus in order to play the game. This device is a bracelet-like that will alert the players using an LED and vibration when there's a Pokémon in the area.
With the same functions with other Pokémon games, the upcoming Pokémon GO will also enable the users to catch, trade, train, and battle other virtual Pokémon. Niantic is said to release the Pokémon GO for both Android and iOS in 2016.
The accomplishment of this game is considered to be a dream come true for Pokemon fans. With this $20 Million funds that Niantic received from Nintendo, Google, and The Pokemon Company, many gamers started to believe that 'Pokemon Go' will soon be available.
Join the Conversation