Epic Games raised $1 billion “to administer it to Metaverse Vision”

Epic Games announced that it has completed a $1 billion funding. The company’s value reached $22.8 billion.

Of the $1 billion raised this time, the proportion of the Sony group is $200 million. Sony’s investment is part of a partnership in the field of online services that combines technological entertainment based on the close relationship between Epic Games and Sony. Even after financing, the controlling shareholder of Epic Games continues to be CEO of Tim Sweeney.

Epic Games is concentrating on building a highly versatile virtual space metaverse represented by Second Life and Gathering Animal Forest, and this investment will also help build the metaverse. CEO Tim Sweeney thanked the new investor for supporting Epic Games and their vision for Metaverse. The investment was funded to build social experiences at Fortnite, Rocket League and Paul Guys, or through Unreal Engine, Epic Online Services, or the Epic Games Store. It says it will help support game developers and creators. Related information can be found here.