14th April 2022
Epic Games, the video game publisher behind the popular PC and console game Fortnite, announced a $2 billion funding in the Metaverse. This would bring Epic’s equity valuation to $31.5 billion.
This round includes a respective $1 billion investment from Sony Group Corporation and from KIRKBI, the holding company behind the LEGO Group.
The three partners plan to combine expertise and technologies to influence the future of entertainment and digital play.
Epic Games also developed Unreal Engine, one of the biggest platforms used to create games, Its latest update, Unreal Engine 5, facilitates the creation of NFT-based play-to-earn, or P2E, games.