Epic Games recently revealed that it has secured $2 billion in funding to support its ambitious metaverse games project. The objective of this funding is to facilitate the development of metaverse projects. Two major companies, Sony and KIRKBI, have expressed their support for Epic Games and their confidence in the company’s ability to excel in metaverse games development by investing $1 billion each.
The growing popularity of metaverse games has attracted the attention of various companies, including Shiba Inu, which recently announced the creation of Shiboshi. Now, even mainstream gaming companies that primarily offer services on consoles and PCs are venturing into the metaverse games industry.
Epic Games, known for their widely successful game Fortnite, is now joining this trend and has announced its fundraising efforts to support its metaverse projects. Let’s take a closer look at the companies that contributed to this fundraising campaign.
Metaverse games and their future
As the concept of Web 3 continues to evolve, different companies are strategizing and finalizing their plans to secure their share in the progress. Many companies are investing in metaverse games due to the potential audience they can attract. The existing metaverse games have already achieved remarkable success, with several companies witnessing a surge in membership.
Epic Games, with its track record of success in publishing and selling Fortnite, is eager to be part of this growing trend. Their previous achievements made it relatively easy for them to attract investors, and they quickly garnered support from major tech giants like Sony and KIRKBI, who each invested $1 billion in the project.
Sony and KIRKBI’s investment in Epic
With Sony and KIRKBI contributing $1 billion each, Epic’s equity valuation has now reached an impressive $31.5 billion. Sony had previously invested $200 million in Epic, demonstrating their confidence in the company. LEGO Group has also pledged to contribute $1 billion to the investment, which will further facilitate Epic’s development of metaverse games.
The primary objective of this investment is to bridge the gap between the physical and digital worlds in metaverse gaming. Web 3 and metaverse gaming aim to provide an immersive experience, and Epic Games’ developers will work diligently to establish meaningful connections and enhance the enjoyment of metaverse gaming.
The investment process will involve fulfilling all legal requirements, ensuring a smooth and transparent process. Once completed, the funds will be allocated to various projects. The investor companies have expressed their trust in Epic Games’ developers due to their past experience and visionary approach to metaverse gaming.
Reimagining the future of gaming
While the companies involved have not shared detailed information about how the funds will be utilized, the main focus of these projects will be to provide better gaming opportunities for children in the technological realm. Epic Games is committed to ensuring a safe and healthy gaming experience for young players, devoid of any harmful elements.
Additionally, the company will cater to individuals of all age groups, as confirmed by Tim Sweeney, the CEO of Epic Games. This project will encompass multiple aspects, benefiting not only gamers but also investors, brands, and creative communities. All stakeholders will collaborate to enrich the gaming experience.
Conclusion
Tech industry giants Sony and KIRKBI have made significant investments in Epic Games’ metaverse gaming projects. Their support will enable Epic Games to secure its position in Web 3. The investments were made in response to Epic Games’ $2 billion fundraising campaign aimed at funding their upcoming projects. With the funding issue resolved, Epic Games can now focus on delivering exceptional gaming experiences to its dedicated player base.