Epic raises $1bn to pursue its metaverse – GamesIndustry.biz

Legendary Games has actually closed a $1 billion funding round “to support Epic’s long-lasting vision for the metaverse,” the business revealed today.The new investment represents less than 3.5%of the business, putting Epic’s valuation at $28.7 million. That’s a significant dive in valuation from Epic’s last significant financing round.”Their financial investment will help accelerate our work around building connected social experiences in Fortnite, Rocket League and Fall Guys, while empowering game designers and developers with Unreal Engine, Epic Online Services and the Epic Games Store.

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