For its metaverse project, Epic Games receives an investment from Sony

For its metaverse project, Epic Games receives an investment from Sony

Epic Games receives a two billion dollar investment for the construction of its LEGO metaverse.

A few days ago, Epic Games announced a major partnership with the toy manufacturer LEGO, which aims to build a virtual world that looks like Roblox. Only then, to create what looks like a metaverse, it takes time, ideas and above all money. This is why Epic Games appealed to investors, an approach that has obviously paid off.

Indeed, Epic Games has received financial support from two major groups. The first is Sony, which is investing for the third time in the company, but this time to the tune of a billion dollars. The second is KIRKBI, the parent company of LEGO, which is also giving Epic Games a billion dollars for its project. Regarding their participation, the press release explains:

All three companies place great importance on creators and gamers, and aim to create new social entertainment that explores the connection between the digital and physical worlds. Epic continues to have only one class of common stock outstanding and remains controlled by its CEO and Founder, Tim Sweeney.”

A financial investment, but not only

If it is not yet clear what this colossal investment will be used for, Sony is already planning to get involved in the very creation, supporting Epic Games with its own technologies. Kenichiro Yoshida, CEO of Sony, says: “We are also confident that Epic’s expertise, including its powerful game engine, combined with Sony’s technologies, will accelerate our various efforts such as the development of new digital sports fan experiences and our production initiatives. Virtual.”

As for KIRKBI, Epic Games insists that some of the money donated will greatly speed up the pace, which should at the same time bring us a little closer to the release date of this metaverse in the making. As a bonus, the studio updates its stock market situation, and states: “Epic’s post-market equity valuation is $31.5 billion. Closing of the investment is subject to customary closing conditions, including regulatory approvals.

Regarding the content of Epic Games’ metaverse, the firm does not give any new details. We therefore always expect a universe specially created for children, where safety is essential, unlike its possible competitor. Roblox.

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