{"id":3488,"date":"2022-04-11T17:44:11","date_gmt":"2022-04-11T17:44:11","guid":{"rendered":"https:\/\/metaverseplanet.net\/blog\/?p=3488"},"modified":"2025-12-30T13:28:09","modified_gmt":"2025-12-30T13:28:09","slug":"epic-games-secures-2-billion-metaverse-investment","status":"publish","type":"post","link":"https:\/\/metaverseplanet.net\/blog\/epic-games-secures-2-billion-metaverse-investment\/","title":{"rendered":"Epic Games Receives $2 Billion Metaverse Investment"},"content":{"rendered":"\n

Epic Games, the globally renowned game company, has secured a substantial $2 billion investment from Sony and KIRKBI for their metaverse endeavors.<\/em><\/strong><\/p>\n\n\n\n

Tim Sweeney, CEO of Epic, expressed that this investment will propel their efforts to create a metadatabase and establish spaces for players to enjoy with friends, brands to craft creative and immersive experiences, and creators to foster communities and thrive.<\/p>\n\n\n\n

\"Epic<\/figure>\n\n\n\n

As a leading player in the gaming industry, Epic Games<\/strong>, based in the USA, aims to utilize the funds in alignment with its vision for metaverse development and to support ongoing growth.<\/p>\n\n\n\n

The investment stems from both Sony, a previous investor in Epic, and KIRKBI, the umbrella organization encompassing Sony and Lego.<\/p>\n\n\n\n

In recent weeks, Epic Games and Lego had announced a metaverse partnership, though details were scarce. Additionally, Sony made a significant foray into the virtual world by acquiring Destiny developer Bungie earlier in the year.<\/p>\n\n\n\n

\"Epic<\/figure>\n\n\n\n

Tim Sweeney emphasized that the investment will accelerate Epic Games’ efforts in creating a metadatabase and developing spaces that cater to diverse user experiences.<\/p>\n\n\n\n

Notably, this investment has expedited Epic Games<\/a><\/em><\/strong>‘ initiatives to build a metaverse suitable for children.<\/p>\n\n\n\n

Founded in the USA by Mark Rein and Tim Sweeney, Epic Games has gained widespread popularity, particularly for its game Fortnite.<\/p>\n\n\n\n

\ud83c\udfae What is Epic Games?<\/h2>\n\n\n\n

Epic Games<\/strong> is an American video game developer and publisher best known for creating major gaming franchises and developing the underlying technology used across the industry.<\/p>\n\n\n\n

    \n
  • Founded:<\/strong> 1991 by Tim Sweeney<\/strong>.<\/li>\n\n\n\n
  • Headquarters:<\/strong> Cary, North Carolina, USA.<\/li>\n\n\n\n
  • Flagship Games:<\/strong> Epic is the developer behind the globally popular battle royale game Fortnite<\/strong>, which is a major cultural phenomenon. They also created the Gears of War<\/strong> and Unreal Tournament<\/strong> franchises.<\/li>\n\n\n\n
  • Key Technology:<\/strong> They are the creators of the Unreal Engine<\/strong>, one of the world’s most successful and widely used commercial game engines<\/strong>. It powers countless games and is increasingly used in film production, architecture, and other industries for creating high-fidelity 3D content.<\/li>\n\n\n\n
  • Distribution Platform:<\/strong> Epic operates the Epic Games Store<\/strong>, a digital storefront that competes with platforms like Steam, known for offering free games weekly and providing developers a better revenue split.<\/li>\n<\/ul>\n\n\n\n
    \n\n\n\n

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      <\/ul>","protected":false},"excerpt":{"rendered":"

      Epic Games, the globally renowned game company, has secured a substantial $2 billion investment from Sony and KIRKBI for their metaverse endeavors. Tim Sweeney, CEO of Epic, expressed that this investment will propel their efforts to create a metadatabase and establish spaces for players to enjoy with friends, brands to craft creative and immersive experiences, …<\/p>\n","protected":false},"author":1,"featured_media":3489,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"googlesitekit_rrm_CAown96uCw:productID":"","footnotes":""},"categories":[323,322],"tags":[204,325,318],"class_list":["post-3488","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cyberculture","category-metaverse1","tag-game-news","tag-games","tag-metaverse-news"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/3488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/comments?post=3488"}],"version-history":[{"count":0,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/posts\/3488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media\/3489"}],"wp:attachment":[{"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/media?parent=3488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/categories?post=3488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/metaverseplanet.net\/blog\/wp-json\/wp\/v2\/tags?post=3488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}