Epic Games Raises $2 Billion to Build “The Metaverse” Backed by Sony and LEGO

Epic Games, creators of the popular video game Fortnite, announced a $2 billion round of funding to build and support the continued growth of “The Metaverse.”

Epic Games, the creators of popular video game ‘Fortnite‘, announced a $2 billion round of funding to build and support the continued growth of “The Metaverse.”

Epic Games, who are also the creators behind the Unreal Engine, revealed that the funding round was backed by legacy entertainment giants Sony Group Corp and KIRKBI, the Lego Group’s parent company.

Sony and KIRKBI Backs $2 Billion Metaverse Project

As per the press release, both Kirkbi and Sony, the makers of popular entertainment system, the PlayStation, each invested $1 billion into Epic Games to further “the development of new digital fan experiences” and the “metaverse.”


In a statement, the founder and CEO of Epic Games, Tim Sweeney, said, “this investment will accelerate our work to build the metaverse and create spaces in which players can have fun with friends.” 

Sweeney adds that the Epic Games Metaverse will allow brands and creators to build communities for creative and immersive experiences.

Epic Games Hits $31.5 Billion Valuation

In light of these latest investment, Epic Games has achieved a valuation of $31.5 billion. The $2 billion raised will help the gaming giants to delve deeper into the new business model, “The Metaverse.”


Tim Sweeney additionally revealed that Epic Games has formed further partnerships with both Sony and KIRKBI.

On the Flipside

  • Epic Games has not released any specifics about its Metaverse project, with many expecting it to compete with established decentralized alternatives.

Why You Should Care

The $2 billion investment from legacy entertainment giants affirms that the metaverse has a future in the gaming community.

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed as financial, legal, or tax advice. Trading forex, cryptocurrencies, and CFDs pose a considerable risk of loss.

Milko Trajcevski

Milko Trajcevski is a DailyCoin news reporter, mainly focused on Ethereum (ETH), Cardano (ADA), and their founders (Vitalik Buterin and Charles Hoskinson). Milko is an avid follower of crypto and blockchain technology and has written thousands of articles on the subjects. He finds joy in transforming complex issues into written content that anyone can understand. Milko has used and analyzed numerous exchanges, such as Coinbase, FTX, and Binance. He also closely follows all of the latest news around the largest decentralized exchanges (DEXs). Location: Skopje, Macedonia