Is the augmented reality magic fading down in Plantation, Florida?
That’s the first question some may be asking following a casual revelation over the weekend that Magic Leap, the maker of the Magic Leap One, has assigned much of its patent portfolio over to JP Morgan Chase as collateral.
Don’t Miss: Magic Leap Lawsuit vs. Nreal Takes Major Step Forward After Legal Team Scours the Planet in Search of Elusive Founder
In documents filed with the US patent office on August 22 and signed on August 20, a massive 1,903 patents from Magic Leap (as well as from Magic Leap holdings Mentor… more
Source: Magic Leap Patents Signed Over to JPMorgan Chase as Collateral Just Months After Major Funding Push
