Niantic has received $30 million in funding to improve the highly anticipated Pokémon GO game.
Google, Nintendo and Pokemon Company have already invested $ 20 million and another $ 10 million is on its way.
A hoax spurred reports that the game has been cancelled. Pokemon GO is slated for release in 2016.
Nintendo announced that more information about Pokémon GO will be revealed in mid-October.
Pokémon GO is expected to start a trend of a whole different generation of mobile games.
Fans are wondering if the new game will feature Pokemon from all generations or will restrict characters to specific generations.
"Pokémon GO" for mobile devices will most likely come out in 2016.
Pokemon GO requires players to capture Pokemon in different locations while trading and competing against other players.
Pokemon GO trailer has fuelled discussions of travel and region exclusivity for Pokemon
Developed by Niantic which is also worked on Pokemon GO, Ingress lets players play at locations across the world.
Though the official price is not out, fans have speculated about what is acceptable pricing.
Speculation is rife that special poke balls will have to be purchased. Other talking points including Pokemon GO Plus, maps and how real the game can get.
Reports suggest that fans may even surprise unsuspecting pedestrians and challenge to battle in Pokemon GO.
The game allows users to play in the real-world maps. With the additional Pokemon GO Plus device, users can play the game without looking at their phones.
