Epic Games, the parent organization of the highly popular game Fortnite, has secured a $2 billion investment from global entertainment major Sony and investment firm KIRKBI, which formed the Lego Group. Epic’s metaverse growth aspirations will be bolstered with the assistance of the money. Sony and KIRKBI each made a $1 billion contribution to the round of fundraising.
Mr. Tim Sweeney, chief executive officer and co-founder of Epic Games, stated, “As we rethink the future of media and play, we require partners that share our vision. This common interest has been discovered through our collaboration with Sony and Kirkbi. This investment will help us speed our work to construct the metaverse and create areas where gamers can have fun with their friends, businesses can offer innovative and immersive experiences, and artists can establish a community and prosper.”
Epic Games has acknowledged that its metaverse would be built on the popular games and ventures that have already been launched under its name.
Epic Games has not yet revealed what sort of technology would be utilized to construct the metaverse, and it is expected to do it soon. The question is whether the metaverse will be decentralized like ‘The Sandbox’ and ‘The Decentraland,’ which have attracted a large number of participants, investors, and famous artists, or centralized like Facebook’s Meta.
While Epic and Lego haven’t shared many specifics about their envisioned metaverse, they have laid down three principles that they believe will help to assure the safety of the digital environments that they create in the future. The two will collaborate to ensure that children’s safety and well-being are a top concern, to protect children’s privacy, and to provide children and adults with tools that offer them better control over their user experience.
“The online platform will be family-friendly,” according to Epic, and it will encourage youngsters to become “confident creators.” The corporations intend to pool their resources in order to ensure that the future generation of the web is built with the safety and well-being of children at its core. There is currently no information available on what the virtual world would look like or when the two corporations want to debut it.
Author: To The Verge Team
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