Kaleidoco raises $7 million to combine web3 and AR entertainment

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Kaleidoco, an augmented reality and Web3 company, has raised a new round of $7 million in funding from the blockchain gaming community.

The company just launched its Particle Ink Metaverse at the opening of the TED2022 event, and it also has a live AR installation in Las Vegas.

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The founders are Jennifer Tuft and Cassandra Rosenthal, two film industry veterans with decades of experience.

“When Cassandra and I discovered LightPoet’s installation in 2017, we immediately knew it was something we wanted to integrate into the transmedia building of the future. The richness and emotionality of the characters and art, coupled with the seamless and invisible application of technology, was unlike anything we’ve seen before,” Jennifer Tuft, co-founder and co-CEO of Kaleidoco, said in a statement. “We were immediately drawn to this world not only for its creativity and beauty, but also for its focused and flawless application of technology.”

Kaleidoco describes itself as a Web3 entertainment technology company whose original AR experiences empower human connection. His original mixed reality metaverse, Particle Ink, is set in the 2.5th dimension. Utilizing the Kaleidoco AR Tech platform, the Particle Ink Metaverse encapsulates a
Experience GameFi as another portal to the 2.5 Dimension ○ Definition of the 2.5th Dimension: The narrative framework for Particle Ink Metaverse. It’s midway between the 2D world of storyboarding and the 3D world we live in.

Kaleidoco combines Web3 and AR.

Investors include big names in blockchain and gaming such as Animoca Brands, GameFi Ventures, Gemini, Jane Street, Adit Ventures, Merit Circle, Nexo, HexTrust, SuperChain Capital and TSG (The Seelig Group).

The funding will be used to accelerate growth and recruit key and strategic candidates as Kaleidoco continues to develop and commercialize products.

The founders have decades of experience in entertainment and intellectual property creation (e.g. Sundance Lab alumni, CAA, projects with Paramount and Amblin, etc.)

At TED2022, the presentation showcased Kaleidoco’s never-before-seen patent-pending augmented reality multi-viewer technology, allowing nearly 1,400 attendees to watch simultaneously
experience AR, projection mapping and live performances via synchronized tablets. The experience was also broadcast live around the world.

Kaleidoco also recently opened the first live portal to the 2.5th dimension, Particle Ink: The Speed ​​​​of Dark, in the Las Vegas Arts District, with an experience open Wednesday through Sunday at 7pm and 9pm. is. For tickets and more information, visit www.particleink.com.

Kaleidoco will expand the Particle Ink Metaverse with the release of its first AR NFT collection later this year, and the GameFi experience using its proprietary augmented unification technology will follow. Kaleidoco plans to make its AR Tech platform available to other developers next year.

Particle Ink portals exist in multiple media, both on and off the web3. The diversity of entry points and support experiences allows us to have a broad demographic. Kaleidoco’s core team consists of nine people. It was founded in 2018 after Tuft and Cassandra Rosenthal witnessed a brilliant and transformative installation of the LightPoets at the 2017 Sundance Film Festival. The activation was created by their now co-founders.

After founding Kaleidoco in partnership with The LightPoets in 2018, the company expanded its proprietary technology and launched its Particle Ink Metaverse at the opening of TED2022.

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