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General Catalyst leads $7M investment in AR startup selling NFT jetpacks


After months of NFT mania and Facebook’s recent name change to Meta, it’s fair to say that “metaverse” chatter has reached a fever pitch. And while crypto investors are buying up avatars and digital swaths of land in hopes that a digital universe will spring up around these projects, it’s unclear which projects — if any — will stand the test of time.
Institutional investors are also making their bets on the NFT “metaverse.” Crypto startup Jadu, which has made millions of dollars selling pixelated NFT jetpacks and hoverboards, has scored $7 million in venture funding from General Catalyst with additional funding from Coinbase Ventures, The VR Fund, Sound Ventures and …

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