Epic announces $2 billion in funding for its metaverse efforts
by Andrew Webster from The Verge - All Posts on (#5Y26Q)
Fortnite. Epic's plans to build a metaverse just got a huge cash injection: today the Fortnite developer announced a $2 billion round of funding, which it says will be used to advance the company's vision to build the metaverse and support its continued growth."
The funds come from Sony, which has previously invested in Epic, and KIRKBI, an investment group operated by the Kirk Kristiansen family, which founded the Lego Group. Just last week, Epic and Lego announced a partnership to build a family-friendly take on the metaverse, though with little in the way of concrete detail. According to a press release, both Sony and KIRKBI invested $1 billion as part of the most recent funding round.
The nebulous metaverse concept has become a popular...