News Summary

Palmer Luckey’s retro gaming startup, ModRetro, is reportedly in talks to secure funding at a $1 billion valuation. The company, known for its Game Boy-style handheld device named Chromatic, is preparing to launch its second product, the M64, which is an FPGA-based Nintendo 64 clone capable of playing original N64 cartridges with 4K resolution. This move positions ModRetro towards unicorn status. The M64 console distinguishes itself from competitors by utilizing an AMD FPGA chip running a modified open-source MiSTer N64 core. The early bird pricing for the M64 is set at $199, and a waitlist is available on the company’s website.