Pokemon Go Creator Niantic Suffers Metaverse Woes

05/20 23:15

Niantic, the creator of Pokémon Go, has suffered a lackluster debut for its new augmented-reality game Peridot. The free pet-simulator game aims to blend the digital and physical worlds into what Niantic calls the "real-world metaverse." However, after one week, it generated only 675,000 downloads from May 9 through May 13. Some reviewers have criticized its inconsistent augmented reality and monetization strategy around breeding Dots. This lukewarm response offers a sobering outlook on blending virtual and real worlds in gaming. Niantic's struggles mirror those facing the broader industry as optimism in the business potential of the metaverse has dimmed considerably.
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