Sharing Daily Discoveries About Personal Finance And Business Topics

Opening Up Your Business Tools For Others To Use For A License Fee

I was reading this announcement from the company Niantic today which is known for developing the game Pokémon Go. Apparently they will enable other developers to now use their platform called Lightship which is essentially tools to help people create applications for augmented reality products. Facebook has recently announced its plan to seriously dive into this industry with their Metaverse and so Niantic appears to be offering developers tools for such platforms.

Of course there will be fees for it in the future as that is usually the business model for these types of approaches. Getting a license for from thousands of companies can really add up.

It makes you think as many businesses will keep their tools and proprietary resources to themselves in order to beat out the competition. But in this case I guess you could argue that it can be more profitable to license them out to others instead huh?

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