Epic Games raised $ 2 billion to build a metaverse

Epic Games wants its place in the metaverse

Epic Gamethe famous American video game studio to which we owe well -known franchises such as Not Real Tournament, Gears of War or the Fortnite gamerecently closed a funding round of at least $ 2 billion.

The fundraiser, intended for ” construction of the metaverse “, Was seen participating Sony as well as Kirbithe parent company of LEGO, at a cost of $ 1 billion each.

Keep in mind that Sony didn’t at first test the terms of investing in Epic Games. In fact, by 2020, the company had already invested $ 250 million in the studio, which was acquired in the same hour. 1.4% share of the company. In April 2021, Sony returned the cover and also invested $ 200 million as part of a $ 1 billion fundraiser.

the Sony’s participation in the Epic Games studio marks a significant change for the latter.since then, Epic Games has released some of its video games exclusively on the Xbox, Sony’s PlayStation competing video game console.

In addition, in 2020, Epic Games chose to make its show public Unreal Engine 5 video game engine on the PlayStation 5 console.

According to Tim Sweeneyfounder and current CEO of Epic Games, these new funds will allow the studio to accelerate the growth of the metaverse:

“This investment will accelerate our work to build the metaverse and create places where players can have fun with their friends, where brands can build creative and immersive experiences, and where creators can build a community and thrive. »

After the approval of the regulatory bodies regarding this new capital injection, the The value of Epic Games will reach $ 31.5 billion.

👉 On the same topic: Top 4 promising metaverse for 2022 – In which crypto project to invest?

A metaverse of children’s actions

This new announcement comes just days after a statement from Epic Games announcing a collaboration with the Lego Group aron ” shaping the future of the metaverse to make it safe and fun for kids and families “.

For Epic Games, the evolution of the current metaverse is such that it is necessary to rethink the way people meet, play and interact in virtual worlds, especially in children.

A few details on how this metaverse will be structured, but we already know that it was designed very well. appropriate and safe as possible for children and more commonly for families, an idea supported by the press release:

“The Lego Group and Epic Games will combine their respective experiences to ensure that this next internet comeback is designed from the ground up with the benefit of children in mind.»

This new project will focus on 3 axes : protect the right of children to play by making their safety and well-being a priority, protect their privacy by putting their best interests first, and provide children and adults with the tools to control their digital experience.

At the time of writing these lines, we it is not yet known when such a metaverse will see sunlight. One thing is for sure, the safety of children in any case is paramount.

👉 Read also: Hedera Hashgraph (HBAR) launches $ 250 million fund dedicated to metaverse

Sources: Epic Games (fundraising), Epic Games (kids metaverse)


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About the Author: Maximilien Prue


Enthusiastic about the world of decentralized finance and the new things Web 3.0 brings, I write articles for Cryptoast to help make the blockchain more accessible to everyone. Convinced that cryptocurrencies will change in the near future.
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