Epic Games took the gaming world by storm with their smash hit Fortnite and they’re proving to be the beast that can’t be stopped. They secured a new round of funding from Sony and the Lego Group as they continue to try building gaming metaverse.
Sony and Kirkbi, the parent company behind Lego, both invested an additional $1 billion in Epic, putting the company’s estimated valuation at $32 billion. Tim Sweeney, chief executive and founder of Epic Games, has been hyping up the idea of metaverse for quite some time, and the new round of funding brings them closer to achieving that goal.
“This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive,” said Sweeney in a statement.
If you’re wondering what Epic’s “metaverse” is all about, you’re not alone. The concept sounds pretty abstract and it’s supposed to reshape the way how people meet, play, work, learn and interact in a virtual, 3D world.
Following their partnership with Lego, Epic is putting an emphasis on building a child-friendly space in the metaverse for its youngest players. This partnership also positions Fortnite as an even bigger competitor to Minecraft and Roblox, building-focused games that proved to be a huge hit with kids over the years.