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Kaleidoco Raises $7M To Integrate Web3 And AR Entertainment

2 Mins read

Kaleidoco founded in 2018 describes itself as a Web3 entertainment technology company whose original AR(Augmented Reality) experiences strengthen the human connection. Particle Ink is the original, mixed reality metaverse that is set within the 2.5th Dimension. Leveraging on the Kaleidoco AR Tech Platform, the Particle Ink Metaverse encapsulates a GameFi experience as another portal into the 2.5th Dimension(the narrative setting for Particle Ink Metaverse. It is the place that sits in-between the 2D world of the storyboard and the 3D world we live in)
Kaleidoco has raised a new round of $7 million in funding from the blockchain gaming community to integrate Web3 and AR entertainment. This is coming off the debuting of its Particle Ink Metaverse at the opening of the TED2022 event, and a live AR installation in Las Vegas. Investors of this project include top names in blockchain and gaming like 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 bring in key, strategic hires as Kaleidoco continues to build and release products.

The founders Jennifer Tuft and Cassandra Rosenthal, both film industry vets have decades of experience in entertainment and creating intellectual property (e.g. Sundance Lab alumni, CAA, projects with Paramount and Amblin, etc.)

“When Cassandra and I experienced the LightPoet’s installation in 2017, we instantly knew that this was something we wanted to build into the transmedia property of the future. The richness and emotionality of the characters and art coupled with the seamless and invisible application of the technology were unlike anything either of us had seen before,” said Jennifer Tuft, cofounder and co-CEO of Kaleidoco, in a statement. “We were immediately drawn to this world, not just for its creativity and beauty but also for its purposeful and impeccable application of technology.”

At TED2022, the presentation showcased Kaleidoco’s never-before-seen, patent-pending Augmented Reality Multi-Viewer technology, which enabled nearly 1,400 guests in attendance to simultaneously
experience AR, projection mapping, and live performance through synchronized tablets. The experience was also broadcast live globally. Kaleidoco will be expanding the Particle Ink Metaverse with the release of its first AR NFT collection later this year, and the GameFi experience utilizing its patented Augmented Unification technology to follow. Kaleidoco plans to make its AR Tech Platform available for other developers next year.

Particle Ink’s portals exist in multiple mediums, both in and out of web3. The diversity of access points and accompanying experiences allows us to have a broad demographic experience.

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We are the same, we may only be different in our experiences, values and exposures. Technology is a big part of my experience, learning is one of my values and writing my credible means of exposure.
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