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Fortnite developer Epic Games receives $ 2 billion from Sony, Kirkb to promote meta-verse efforts
Epic Games has received a whopping $ 2 billion in additional funding from Sony and Kirkbi to advance his meta-severse ambitions While some of the position of Fortnite developer to port their games to web3, others see the step as positive as the developer The most popular games in the world, Fortnite, has collected additional means of 2 billion US dollar to collect his To accelerate meta-verse ambitions. Epic Games announced on Monday that they received $ 1 billion from the existing investors Sony Group Corporation and Kirkbi, the family-run investment company behind The Lego Group. After the official approval of the transaction ...
Fortnite developer Epic Games receives $ 2 billion from Sony, Kirkb to promote meta-verse efforts
- Epic Games has received a whopping $ 2 billion in additional financing from Sony and Kirkbi to promote his meta-verse ambitions
- While some view the position of the Fortnite developer to port their games to web3 as a challenge, others see the step as positive
The developer of one of the most popular games in the world, Fortnite, has collected additional funds of $ 2 billion to accelerate its meta-verse ambitions.
epic Games announced on Monday that they received $ 1 billion from the existing investors Sony Group Corporation and Kirkbi, the family-run investment company behind The Lego Group.
After the official approval of the transaction, the post-money equity rating from EPIC is $ 31.5 billion.
Fresh financing is used to expand Epics vision for the meta verse and support its further growth, according to A explanation . Epic said it was trying to create new “social entertainment” by exploring the connection between the digital and the physical world.
"As a creative entertainment company, we look forward to investing in Epic to deepen our relationship in the metaversum area, a space in which developers and users share their time," said Kenichiro Yoshida, President and CEO of the Sony Group Corporation.
Sony's participation in the round extends to his Noopener "Target =" _ Blank "href =" https://www.roadtovr.com/epic-games-unreal-engine-1b-investment/ "> $ 200 million a year later. The accumulated capital of EPIC is intended for the developer's project in order to "create social 3D experiences in real time that lead to a convergence of games, film and music," said CEO Tim Sweeney.
While the funds have flowed, the questions are increasing as the developer will best try to monetize his efforts in a world that apparently is designed for decentralization and individual possessions of digital assets.
That does not mean Lego in Fortnite, but Epic Games works with you to create a "digital experience", and does not rule out anything with Fortnite from
- t5g (@top5gamingx) 7. April 2022
"What you have built up with Fortnite is a kind of meta verse, but I would say that it is a closed ecosystem in which you rely on external investments and deal with great intellectual property rights instead of a more open web3 meta verse," said Cliff Cawley, director of Lost Relics and Codebit Labs.
"It seems that some companies only use the term meta -verse as another concept of marketing to ensure that their balance sheets remain profitable for them," added Cawley
Fortnite is an extremely popular free-to-play battle-royal game, in which 100 players are discontinued on an island and fight through tinkering, shooting and looting.
While the model is playable free of charge, Epic generates considerable profits through microtransactions via its in-game store. Players can buy skins, Emotes and sprays in exchange for the company called V-Bucks, which in turn are bought with Fiat.
They are these V-Bucks, with which Epic achieves a large part of his profit. In 2018, the company achieved gross sales of $ 5.5 billion with its Fortnite title and the following year again 3.7 billion US dollars