Epic fortnite 2b sony kirkbi lego8/6/2023 ![]() With the metaverse becoming a more mainstream concept, this was the perfect opportunity for expansion. The new funding will help Epic Games expand its work on building the metaverse and position the company for further. ![]() Epic Games, the firm behind the smash hit game Fortnite and the. Epic has ambitions to build the metaverse, but it’s unclear whether blockchain, NFTs, and crypto will play a role in its plans. “This investment will accelerate our engagement in the world of digital play, and we are pleased to be investing in Epic Games to support their continued growth journey, with a long-term focus toward the future metaverse,” KIRKBI CEO Soren Thorup Sorensen said.Įpic has dominated the video game industry since Fortnite’s release in the summer of 2017, but that hasn’t stopped the company from exploring opportunities to branch out. Epic Games announced a 2 billion round of funding, with existing investor Sony Group Corporation as well as KIRKBI, the family-owned holding and investment company behind The LEGO Group, each investing 1 billion. Fortnite creator Epic Games has raised 2 billion from Sony and LEGO parent KIRKBI, at a 31.5 billion valuation. With these two deals, Epic Games will reportedly be valued at $31.5 billion. Sony also jumped in on the funding, matching KIRKBI’s funding with a $1 billion investment of its own. Lego and Sony Invest $2 Billion into Epic Games for MetaverseĮpic Games is more than just Fortnite, and the video game company took a large step towards proving it this week.ĭays after Lego and Epic Games announced their partnership to build a “family-friendly” metaverse, the toy company’s parent KIRKBI invested $1 billion into Epic for the creation of this unique virtual universe. For those looking to get in the game, read my article on how to set up a MetaMask wallet. The game has quickly become a global phenomenon, to the point that some games are now followed live by millions of viewers.In case you are new to the Metaverse, check out my quick breakdown on what NFTs are and how they work. With 350 million users worldwide, its Fortnite game is free to download, but generates billions in revenue with the purchase by players of additional items for their characters, including clothing. ![]() The investment brings Epic Games' valuation to $31.5 billion, the US game studio said. "All three companies highly value both creators and players, and aim to create new social entertainment exploring the connection between digital and physical worlds," they added. Sony, already a shareholder in Epic Games, and Kirkbi, Lego's parent firm, are each investing $1 billion, the firms said. The $2 billion (1.84 billion euros) in funding is aimed at advancing Epic's "vision to build the metaverse and support its continued growth," the three firms said in a joint statement. The deal increased Epic's post-money valuation to 31. In the form of video games like Epic's hit Fortnite, the precursors of the metaverse already exist in a minimalist way, with people coming together not only to play, but also to interact and participate in events. Epic Games has raised 2 billion from Lego owner Kirkbi Invest and Sony as the trio eyes opportunities to build virtual experiences that will lay groundwork for the metaverse. KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation. Heres the full article text: Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGOs holding company, and Sony. 'As a creative entertainment company, we are thrilled to. This latest investment follows on from the 200m Sony put towards Epic last April. ![]() Scores of tech firms have been rushing to invest in building the metaverse, a loose term covering the growing eco-system of interactive online worlds, games and 3D meeting places that are already attracting millions of users. Epic Games Raises 2B for Metaverse from LEGO and Sony. Epic Games, best known at the moment for its blockbuster Fortnite battle royale shooter franchise, received a pair of 1 billion investments from Sony Group and KIRKBI, the parent company. Sony has invested 1bn in Fortnite maker Epic Games.
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