Published: 11.04.2022
Article reading time:
2 minutes.
Sony and KIRKBI announced that they have invested in the development of the Epic Games metaverse.
The Fortnine developer has announced that it has completed fundraising for the creation and development of its own virtual world using Web3 technologies. The company managed to raise $2 billion with a market capitalization of $31.5 billion. The investors were Sony Corporation and the investment company KIRKBI, owned by the family of Lego founder Kirk Christiansen, both invested $1 billion.
The funds should be used to create the concept of the Epic Games metaverse and support the further development of the project. According to Epic Games CEO and Founder Tim Sweeney, the Metaverse will be a space for players to have fun with friends and for brands to create “creative and exciting experiences.” In addition, the company plans to develop the community of its virtual world.
Recall that in October last year, Tim Sweeney said that the company would not ban games that use blockchain or cryptocurrencies. The announcement came amid a protest by the largest digital video game distributor, Steam, against such games.
Sony Group Corporation President and CEO Kenichiro Yoshida said that Epic Games will be able to use its powerful game engine in combination with the technology of the Japanese company to accelerate the development of the virtual universe. According to investors, the current trends in the financial and entertainment markets determine the future we will live in and how the way people interact with digital worlds will improve.
Earlier it became known that Mark Zuckerberg’s company Meta (formerly Facebook) is considering launching its own cryptocurrency within the metaverse. According to experts, this is done in order to circumvent the legal prohibitions of some countries and regulatory bodies.
Source: Bits
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