Pokemon GO: Upcoming Niantic title given $20M Capital; Release date still fixed for 2016

By Staff Writer

Oct 16, 2015 11:00 AM EDT

Pokemon Go is immensely being awaited upon by so many fans given that it will be a very interesting approach to the long running franchise. Now that Pokemon is coming closer to reality than expected, Niantic is surely giving and taking all that they could to the franchise, with the help of other powerful companies to back them up.

According to EW, Pokemon Go is currently looking good in the eyes of many fans. After vast terrains that the title has gone across, such as the animated series, movies, toys, endless loads of merchandise and finally, electronic games, Pokemon is finally taking the hunt to catch them all to an augmented reality field.

As reported by Silicon Angle, it confirmed that Niantic will not be the only one to shoulder the expenditures for Pokemon Go. There are other companies that long to take part in the development of the app, and sweetly enough, there is so much to go around that failure may be near impossible at this point.

Delivered by Game Spot, Niantic CEO John Hanke explained further, and was quoted, "The Pokemon Company, Google, and Nintendo are incredible investors and strategic partners to help build the next chapter for Niantic. We will be using this capital to continue the development of Pokemon GO, to evolve and grow Ingress and its thriving global community, and to build out our real-world gaming platform."

Roughly, there will be another $10 Million that is to be added to the capital fund for the improvement of Pokemon Go. This is not the first augmented reality game to spur about, but under the conditions that Pokemon games are highly dependent on the fans who wish to feel the reality of capturing, the app is worth investing on and making a success to most. Pokemon Go is slated for launch within 2016, and is to be made available to iOS and Android mobile devices.

© 2024 VCPOST, All rights reserved. Do not reproduce without permission.

Join the Conversation

Real Time Analytics