Epic Games confirms $2B funding from Sony and KIRKBI to build gaming metaverse
Epic Games, an American video game and software developer and publisher, has confirmed $2 billion in funding from Sony and the firm behind LEGO, KIRKBI to build a metaverse. This marks the entry of a few of the biggest firms in the world into the metaverse with the goal of creating new experiences for users.
Epic Games is now worth $32 billion
Epic Games is now worth $32 billion after this new funding round confirms a report from Binance. Furthermore, the firm aims to advance its vision "to build the metaverse and support its continued growth." Furthermore, the firm behind the highly successful Fortnite has confirmed that "the executive responsibilities remain the same, and Tim Sweeney remains as the company’s CEO."It is also important to note that many other firms have been applying for NFT and trademarks as well. Recently, Cryptonary reported that notable companies like Pizza Hut, Hooters, Taco Bell, KFC, and others have also jumped the ship. On the other hand, the CEO of Epic Games released a statement:
As we imagine the future of entertainment and play, we need partners who share our vision. We have found this partnership with Sony and KIRKBI.
A child-friendly metaverse
A unique feature of the metaverse that Epic Games plans to build is that it will make to goal to enhance the abilities of children like "creativity, collaboration, and communication through digital experiences" with the help of "both physical and digital games.” It is important to note that the gaming firm has been quite popular among children and its Unreal Engine has been a favorite for developers.We have a responsibility to make them (video games) safe, inspiring, and beneficial for all. Just as we’ve protected children’s rights to safe physical play for generations, we are committed to doing the same for digital play. We look forward to working with Epic Games to shape this exciting and playful future.It is also important to note that Epic Games hasn't confirmed any development with the metaverse.
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