Skip to main content

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.

My Top Picks
Honeygain - Passive earner that pays in BTC or PayPal
MandalaExchange -The Best no KYC crypto Exchange! 
BetFury - Play And Earn BFG for daily Bitcoin and ETH dividends!
Pipeflare - Faucet that pays in ZCash and Matic, Games pay in DAI
Womplay - Mobile dApp gaming platform that rewards in EOS and Bitcoin
Cointiply - The #1 Crypto Earning Site
Torum - Join the latest Social Network and earn TRM for Free! 
LiteCoinPay - The #1 FaucetPay earner for Litecoin 
LBRY/Odysee - YouTube Alternative that lets you earn Money by viewing videos!
FaucetPay - The #1 Microwallet Platform
FREEBTC - The #1 FaucetPay earner for Satoshi's
FaucetCrypto - An earning/faucet site that pays out instantly
FireFaucet - An earning site that pays better for some than Cointiply
DogeFaucet - Dogecoin Faucet
xFaucet - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BCH, BNB, ZEC, FEY - Claim every 5 minutes
Konstantinova - BTC, ETH, LTC, Doge, Dash, Tron, DGB, BNB, ZEC, USDT, FEY, 25 Claims Daily

Comments

Post a Comment

Popular posts from this blog

From offchain to offchain: Statechains meets Lightning

  Without a doubt, the most significant off-chain Bitcoin solution is the Lightning network. But in its wake, the statechain has emerged as an intriguing replacement. There is currently a proposal to link the two offchain networks. From an ocean, for example, you can see sunbeams glistening in the water, waves rippling, and possibly a jellyfish drifting toward the light. But you only see a small portion of it. The distance from the sea's surface to its bottom is hundreds of meters. It has dozens of different fish species swimming in it, crabs and starfish crawling on the bottom, shells clinging to rocks, and sea plants climbing up. A completely new world starts where your gaze diverges. You can picture a blockchain like Bitcoin, just like the sea. What you see on the outside is only a small portion of what is actually there; the set of UTXOs (coins) and transaction history that full nodes store are just the beginning of a much larger world. It's the plan, at least. With Bitcoin
Post a Comment
Read more

MSP Recovery and Tokenology aim to optimize healthcare with the help of Polygon

  MSP Recovery LLC, a Miami, US-based healthcare provider with an estimated enterprise value of $32.6 billion, is partnering with Web3 company Tokenology to jointly launch a new blockchain platform called Lifechain. Lifechain wants to leverage the verifiable and transparent nature of blockchain technology to aggregate medical care claims, medical expense reports and patient data and streamline their processing. For this purpose, MSP Recovery launched its own LifeWallet in January, which already has 1 million users. In addition to the wallet and blockchain platform, an associated crypto token called LifeCoin is also used. The press release explains that the primary purpose of the system is to enable secondary healthcare providers to more effectively bill health insurance companies for their costs. “The number of medical claims tokenized going forward will surpass $50 million per day by 2024. For this we need scalability, security and sustainability, which we have only found with Polygon
Post a Comment
Read more

British financial regulator criticizes cooperation between Binance and Paysafe

  The British financial regulator FCA has expressed concerns about the partnership between market-leading crypto exchange Binance and payment service provider Paysafe. As the British regulator complains, the partnership gives Binance access to the influential British payment network Faster Payments Service (FPS), from which the crypto exchange was previously cut off. Last June, the FCA ordered Binance to stop all business activities in Great Britain. As a result, prominent banks such as Barclays have terminated their cooperation with the leading crypto trading platform . Through the cooperation with Paysafe, Binance can now again offer deposits in British pounds sterling and transactions within the European Payments Area (SEPA). However, this fact is a thorn in the side of the FCA, as it classifies the crypto exchange as a “considerable risk factor”. However, the financial regulator sees little room for maneuver to counteract this, as the Financial Times reports . “ Paysafe understands
Post a Comment
Read more