Epic Games gets $2 billion from Sony and Lego's parent company for building the metaverse

Epic Games has received a $2 billion investment from existing investor Sony Group Corporation as well as Kirkbi, which is Lego's parent company. The press release says that the funding will be directed towards the company's vision to build the metaverse and support its continued growth.

Both Sony and Kirkbi are investing $1 billion each. Epic Games had also recently announced partnership with Lego to build a place for kids to play in the metaverse. With the funding, the company aims to create new social entertainment exploring the connections between the digital and physical worlds.

Tim Sweeny, CEO and Founder of Epic Games, said:

“As we reimagine the future of entertainment and play we need partners who share our vision. We have found this in our partnership with Sony and KIRKBI. 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.”

Epic Games already has the expertise building creative tools and immersive worlds that are open and accessible to players across the globe. With games like Fortnite already becoming part of the metaverse, the collaboration will seemingly allow the companies to create something even more exciting. Epic's current valuation stands at $31.5 billion.