Epic Games CEO Defies Naysayers As 600M Flock To The Metaverse Wake
- Epic Games CEO Tim Sweeney mocks the death of the Metaverse, hinting that it is far from over.
- Epic Games secures $2 billion funding round to accelerate its plans for the Metaverse.
- LEGO Group and Epic Games enter a long-term partnership to build a “family-friendly” Metaverse.
Epic Games CEO Tim Sweeney has expressed his unwavering optimism about the Metaverse despite a recent Business Insider article that declared the end of virtual worlds.
Sweeney, the billionaire creator of Unreal Engine and Fortnite, took to Twitter on May 9th to poke fun at the PR firm CEO Ed Zitron’s piece titled “RIP Metaverse, we hardly knew ye.”
The article claimed that the “once-buzzy technology” had “died after being abandoned by the business world.” It specifically mentions Meta’s virtual reality (VR) platform Horizon Worlds, which Zitron claims has failed to live up to its “grand promise” of becoming the future of the internet. The article also cites Decentraland and Yuga Labs’ Otherside as examples of Metaverses that have failed to live up to their hype and suggests that investors have turned their attention to the next big tech fad – generative AI.
However, Sweeney’s view on the matter differs greatly. He suggests that there are already 600 million users across virtual world platforms such as Fortnite, Minecraft, Roblox, The Sandbox, and VR Chat. To mock the article, he jokingly suggested that they organize an online wake so that the 600,000,000 monthly active users can mourn the passing of the Metaverse in real-time 3D.
In a recent move to accelerate the company’s plans for the Metaverse, Epic Games announced a $2 billion funding round. The investment included a $1 billion investment from Sony Group and KIRKBI, the holding company behind the LEGO Group. This came not long after LEGO Group and Epic Games announced a long-term partnership to build a “family-friendly” Metaverse. The details of the collaboration have not yet been revealed, but Lego Group’s CEO Niels Christiansen has hinted that more details will be announced soon.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
Join us to keep track of news: https://linktr.ee/coincu