Recently, Epic Games raised $2 billion in fundraising. Sony and Lego’s parent company Kirkibi have invested $1 billion each in the company. So now Epic Games’ valuation is 31.5 billion dollars. Epic Games is worldly known for Fortnite games.
As per the company’s C.E.O, Sweeney the investment will accelerate their work to create the metaverse. They are creating a space for players so that they can play with their friends, brands can build a creative and immersive experience, and creates can build a community.
Currently, Epic Games is focused to build a metaverse for kids and their families. Last week they signed a deal with Lego company to work jointly on this project.
Epic Games is an American Video and software development company. This company is based in Cary, North Carolina, and was founded by Tim Sweeney in 1991. Right now the company has a total no of 40 offices around the world.
Epic Games has made a 3D gaming engine named “Unreal Engine” for the internal development of games. The company has gained huge success for Fortnite, Geers of War, and Infinity Blade. So no wonder Sony and Kirkibi companies are interested in investing in this company.
The deal is right now subject to customary closing conditions. On the other hand, we can see that Lego has a list of successful video games based on lucrative franchises such as Disney Star Wars, Batman, etc. So this deal is a good opportunity for Lego.
Kirkbi’s C.E.O Thorup Sorensen stated during a press conference that the proportion of their investment is focused on trends. And he believes that it will impact the future world.
Metaverse is a new concept and people are very hyped about it. Right now Facebook has already jumped into his trend and changed its name to Mita. The other companies are also jumping into this trend. But Epic Games and Lego’s joint decision of making a metaverse for the kids will impact the gaming industry.
As per CNBC news, this investment will increase the potential engagement in the gaming world. And Sony thinks that the investment will also support Epic Games in their growth journey.
Sweeney thinks to reimagine the entertainment and play they need partners like Sony and Kirkbi.
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