Many gamers remain skeptical of NFTs and other metaverse-adjacent technologies that are seen as money-makers for developers but currently add little value for gamers. KIRKBI and Sony each invested 1B at a 31.5B post-money equity valuation. Game developers have walked a cautious line in describing their visions for the metaverse. Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGO's holding company, and Sony. The latest funding round puts the Fortnite-maker’s post-money equity valuation at 31.5 billion. Epic Games, creators of the wildly popular video game Fortnite, just got a 2. Epic Games has raised another 2 billion in its latest funding round to build the metaverse and support its continued growth. And, in another sign of broadening ambitions, Epic Games acquired music marketplace Bandcamp in March. Epic, the creator of Fortnite, is getting investments of 1 billion each from Sony and the company that makes Lego. Sony, which has invested in Epic before, plans to leverage the company's game engine to create virtual sporting events and other experiences.Įpic and Lego also recently partnered to build digital experiences aimed at children, illustrating a metaverse that would be more focused on creativity and play than traditional gaming. Sony Group & Lego owner 2B investment in Epic Games now values the company at 31. The new investment supports Epic's efforts to build "social entertainment" experiences-not just games-for adults and children, in coordination with strategic partners. Epic rival Roblox's market capitalization has fallen more than 42% since its direct listing in March 2021, from $45.3 billion to $25.9 billion today. Reuters: Epic Games, which makes Fortnite, raises 2B from Sony and KIRKBI, the holding company behind LEGO, at a 31. The gaming industry is also contending with less rapid growth than it saw during the early days of the pandemic. Ryan Taylor 1 min read Photo by roderick Sia / Unsplash Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGO's holding company, and Sony. Late-stage valuations have come under pressure in recent months because of public stock declines. The deal increased Epic's post-money valuation to $31.5 billion, indicating less than $1 billion in organic valuation growth since April 2021-a slower pace relative to the company's reported valuation growth in prior years. Epic Games Raises 2B for Metaverse from LEGO and Sony News Heres the full article text: Game studio and software firm Epic Games announced it raised 2B from KIRKBI, LEGOs holding company, and Sony. Epic Games has raised $2 billion from Lego owner Kirkbi Invest and Sony as the trio eyes opportunities to build virtual experiences that will lay groundwork for the metaverse. Coming off the heels of the recent Epic Games and Lego Group collaboration announcement, the latter's head investment firm, alongside Sony, has fitted the Fortnite maker with 2 billion, allotting.
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