![]() ![]() ![]() In case you missed it, Uniswap Labs forms a crypto venture wing to invest in other Web3 companies. The nebulous metaverse concept has become a popular buzzword, and Epic has. Tim Sweeney, CEO and founder of Epic Games, says: “This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive.” According to a press release, both Sony and KIRKBI invested 1 billion as part of the most recent funding round. Headquartered in Cary, N.C. Sony and Kirkbi will each invest 1 billion in Epic. JellyBook Announcing JellyBook version 1.1.7. and Kirkbi, the family-owned company behind The Lego Group. With all three brands being creator and player-focused, Epic now has a significant opportunity to make an impact in the metaverse. Epic Games, creators of the wildly popular video game Fortnite, just got a 2 billion investment from legacy entertainment giants Sony Group Corp. ![]() “We are also confident that Epic’s expertise, including their powerful game engine, combined with Sony’s technologies, will accelerate our various efforts such as the development of new digital fan experiences in sports and our virtual production initiatives.” “As a creative entertainment company, we are thrilled to invest in Epic to deepen our relationship in the metaverse field, a space where creators and users share their time,” said Kenichiro Yoshida, CEO of Sony Group Corporation. Epic Games has just received 2 billion in funding from Sony and KIRKBI, the parent company of the Lego Group, to advance the gaming giant's. It built on the success of the core battle royale mode by introducing dozens of crossover skins, virtual items and dance moves in-game movie nights and concerts and a creative mode that lets plays build just about anything they can imagine.The new cash injection puts Epic Games’ valuation at $31.5 billion USD. Epic received another 1 billion each from Sony and from Kirkbi, the parent company of The Lego Group, in April 2022 for continued support of building out. “This investment will accelerate our work to build the metaverse and create spaces where players can have fun with friends, brands can build creative and immersive experiences and creators can build a community and thrive.”Įpic has been piecing together a metaverse (a shared virtual world for all manner of experiences) inside Fortnite over the last several years. We have found this in our partnership with Sony and Kirkbi,” Sweeney said in a statement. Fortnite-maker Epic Games announced today that it has raised 2 billion in funding from Sony and Kirkbi, the parent company of the Lego Group, with both companies investing 1 billion each. “As we reimagine the future of entertainment and play we need partners who share our vision. ![]() Just last week, the publisher and The Lego Group announced a partnership to build a kid-friendly metaverse, possibly in the hope of challenging the likes of Minecraft and Roblox. Kirkbi also has an existing relationship with Epic. It gave the company a $250 million cash injection in 2020 in exchange for a minority stake. Epic Games, producer of the videogame megahit Fortnite, on Monday announced a 2 billion investment from Sony and Kirkbi, the family-owned holding and investment company behind The Lego. It's not the first time that Sony has invested in Epic. The funding puts the post-money equity valuation of Epic at $31.5 billion, while founder and CEO Tim Sweeney remains in control. Fortnite creators Epic Games raise 2B from Sony and LEGO to fund metaverse plans Ornella Hernndez Fortnite creators Epic Games raise 2B from Sony and LEGO to. Epic Games has received two big briefcases stuffed with cash which will help it "advance the company’s vision to build the metaverse and support its continued growth.” Sony and Kirkbi, the majority owner of The Lego Group, are each plowing $1 billion into the publisher. ![]()
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