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Infinite Reality

Esports
Extended Reality
Product stageSegments
Early
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Team organizations, Esports Infrastructure
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Infinite Reality, previously known as Display Social (a social network), pivoted to entertainment focusing on the metaverse space. It also owns NFT marketplaces and content studios. In December 2022, Infinite Reality announced plans for a SPAC merger with Newbury Street Acquisition Corporation (NBST), following which it will be listed on the Nasdaq. The company intends to raise at least USD 128 million at a USD 1.9 billion valuation. Through this merger, Infinite Reality was expected to enhance its ability to reach a larger audience and provide opportunities for commercial monetization. The net proceeds were allocated to finance acquisitions, expand the company's teams in Europe, Asia, and the US, and promote AR products and services.

Infinite Reality acquired all the brands and assets of esports company ReKtGlobal for USD 470 million in an all-stock deal in July 2022. This includes its esports teams (League of Legends’ Team Rogue and Call of Duty League's London Royal Ravens), content, and media assets Greenlit Content, an esports content creation and media platform, and TalentX Entertainment, an esports content monetization platform. It planned to incorporate all aspects of ReKt Global’s assets in its metaverse projects.

Key stats
Featured companies
152
Total funding (USD)
3.3 Bn
Total addressable market (USD)
5.1 Bn
Key competitors
 
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Company profile
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EDGE Insights

XR and MEP (Q1 2024): An Apple-backed XR spatial computing surge; Disney’s USD 1.5 billion fuels Fortnite expansion

Recent Updates

M&A
Apr 24, 2024
Esports team owner Infinite Reality acquires Drone Racing League for USD 250 million to expand portfolio
Esports
M&A
Mar 12, 2024
Infinite Reality acquires Ethereal Engine for USD 75 million to develop a platform to create immersive virtual experiences
Extended Reality
Funding
M&A
Dec 12, 2022
Infinite Reality to go public through a USD 1.9 billion SPAC deal
Esports

Company Brief


HQ location:
50 Washington Street, Suite 402E Norwalk CT USA
Founded year:
2019
Employees:
101-250
Funding data are powered by Crunchbase
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