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Fortnite developer Epic Games wants to start with Sony and LEGO in the Metaverse

 


Games publisher Epic Games, which is behind the popular video game Fortnite, has successfully closed a $2 billion funding round that will see the company massively advance its plans for the Metaverse. If regulators approve the capital raise, the gaming studio's company valuation is expected to rise to $31.5 billion.


Well-known players such as the Sony Group Corporation, which has now given an additional 1 billion US dollars as an existing investor, participated in the financing round, and KIRKBI, the holding company behind the LEGO Group, was also involved. Sony, which has a direct interest in the game maker through its PlayStation consoles, had already invested $200 million in Epic Games as of April 2021.


According to the official announcement, the three partners want to use their expertise and technical capacities to redefine the future of entertainment and gaming.


Tim Sweeney, CEO and founder of Epic Games, explains that the investments will help create "spaces where players can have fun with friends, where brands can create creative and immersive experiences, and where content -Creator can build up communities".  


Epic and LEGO had previously announced in a separate announcement that the two partners would make the Metaverse "kid-safe and family-friendly". Children should be given "the tools they need to become responsible participants" in a positive and family-friendly digital world.


Epic Games also spearheaded the development of the Unreal Engine, which is used by a variety of game developers. The company has a similar influence in the gaming industry as Microsoft and Valve. The current version of the engine, Unreal Engine 5, already enables the creation of NFT-based play-to-earn or so-called P2E games.


Recently, there have been a number of takeovers in the games industry that have caused a stir and raise concerns that the power structure within the sector is becoming increasingly centralized. Sony initially bought the game developer Bungie , which is responsible for the successful series Halo and Destiny, for 3.6 billion US dollars . Microsoft then took over Activision Blizzard for 69 billion US dollars , and the game developer is behind Call of Duty and Candy Crush.

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