NearVerse Gains Funding for LoKast Social Network

Tue, Apr 6, 2010

Funding, iPhone

As reported by Mobile Marketing Watch, last week, NearVerse announced that it has secured $1 million in funding for its LoKast social networking iPhone app.

NearVerse’s proximity-based architecture is included in LoKast, allowing users to transfer content between one another without even being connected to to a network. In LoKast, each user sets up a profile where they can share photos, videos, web links and other content with users in their close proximity – roughly 300 feet. In this way, the app is much more about content sharing than simply keeping up with your friends’ doings, as more traditional social networks are.

Sometime in the future, NearVerse hopes to release a version of LoKast for Android and offer Facebook connectivity.

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Brandy is the Social Editor at Frisky Mongoose, focusing on the social side of the gaming world.

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