Epic Games Lands $2 Billion As Sony Bets On Its Metaverse

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No one wants to be left behind in the metaverse.

Two more big companies tossed their hats — or at least dollars — into the metaverse ring on Monday, as North Carolina-based Epic Games announced a $2 billion investment that values it at $31.5 billion. Epic said the new funding will “advance the company’s vision to build the metaverse and support its continued growth.” Under terms of the agreement, both Sony and KIRKBI — the family-owned holding and investment company behind The LEGO Group — each invest $1 billion. Just last week, Epic and Lego announced a partnership in developing a “family-friendly” metaverse for kids.

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