Epic Games, the creator of Fortnite, is receiving 2,000 million from Sony and Lego to boost the metaverse

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Epic Games, the creator of Fortnite, is receiving 2,000 million from Sony and Lego to boost the metaverse

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Tim Sweeney, CEO of Epic Games, the company that makes up Fortnite and the Unreal Engine. Photo The NYT

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American video game developer Epic Games announced Monday that it has received 2,000 million dollars from Japanese multinational Sony and Danish company Kirkbi, owner of Lego, in an investment round to power the metaverse.

In a statement, Epic Games, one of the major companies involved in the start-up business of the metaverse thanks to its popular video game “Fortnite”, estimated that with this new injection of money its value in the private sphere will reach at 31.5 billion dollars.

The video game company is not listed on the stock market and is not required to disclose its accounts to the public, but is known as a result of its lawsuit against Apple that in 2020 it had a gross turnover of 5.1 billion dollars.

The company’s top executive, Tim Sweneyfeatured today that the investment will “accelerate” the construction of the metaverse with spaces “where players can have fun with their friends”, brands have developed immersive experiences and creators have ” prosperous “.

Sony chief executive Kenichiro Yoshida said he was interested in developing sports -related digital experiences, while Kirkbi CEO, Søren Thorup Sørensentaught that it invests in future trends for the world in which children will live.

Epic is known for Fortnite but there are other businesses in the video game environment.  Photo by AFP

Epic is known for Fortnite but there are other businesses in the video game environment. Photo by AFP

Last week, Lego, which has a line of video games, announced a partnership with Epic to build a kid-friendly metaverse, with their “well-being” and “privacy” at the forefront.

The metaverse is a digital universe consisting of an integration of social networks, interconnected internet games, artificial intelligence, virtual reality, augmented reality and cryptocurrencies, and although its adoption is more socially dependentthe business world has already seen a gold mine.

Among the technology companies, Facebook changed its name to Meta as an allusion to the metaverse and Microsoft bought video game developer Activision Blizzard for nearly 69,000 million dollars, while many retailers registered trademarks associated with the sale of digital assets.

Unreal Engine 5, another epic gem

Nearly a week ago, Epic took a step forward to dominate the video game sector from a technical standpoint: they unveiled Unreal Engine 5, their graphics engine that began with free early access in May, today has reached its final version which can also be downloaded for free.

A graphics engine is a program used by developers to make video games: so, they applied it from large studios even the smallest and most independent.

This new free graphics engine includes several functions and technologies such as Lumen, a very advanced lighting solution around the world, the Nanite, which significantly improves the textures of games thanks to his work on virtualized geometrythe Temporary Super Resolution upscaling system and other very interesting tools to enhance the graphics and performance of games on consoles such as the PS5 or Xbox Series X/S and, of course, on the PC.

During the announcement of the final launch of the new graphics engine, Epic Games also boasted about the large number of studios currently developing games using its new engine, including PlayStation, SUMO Digital, Remedy, CD Projekt Red ( who recently announced that the new The Witcher will use this machine) or various Xbox studios such as Obsidian or Rare.

Source: Clarin

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