Epic Raises $2 Billion in Funding For its Metaverse Ambitions
Sony, which has previously invested in Epic, and KIRKBI, an investment organization run by the Kirk Kristiansen family, who founded the Lego Group, are among the investors. Epic and Lego just announced a partnership to create a family-friendly approach on the metaverse, albeit little information was provided. According to a news statement, Sony and KIRKBI each contributed $1 billion in the last round of funding. Epic has been a huge proponent of the idea of a connected virtual world through platforms such as Fortnite and its Unreal Engine game-making toolkit. (The metaverse idea was also mentioned in the Epic v. Apple lawsuit last year.) Sony, on the other hand, made a significant push into vast virtual worlds earlier this year when it acquired Destiny developer Bungie. In a statement, Epic CEO Tim Sweeney stated, Right now, the metaverse is merely just a concept in the minds of tech CEOs, though Fortnite is arguably the closest thing we have to that vision right now, thanks to virtual events like concerts and a slew of pop culture tie-ins ranging from Marvel characters to professional athletes to, most recently, the late artist Jean-Michel Basquiat. Check out? Epic’s Unreal Engine 5 to take you to the gaming;s Metaverse
