Research # 4 : Epic Games Raises $2B for the Metaverse as Animoca Continues Acquisition Spree

UpOnly | Research #4: Epic Games bumper raise and Animoca Brands’ latest acquisition marks new industry heights

The race for who leads the emerging Metaverse world is heating up. This week, American video developer Epic Games raised $2 billion to pursue its Metaverse ambitions. Play-to-earn heavyweight Animoca Brands also doubled down on the industry with the acquisition of traditional game developer Eden Games. On a slightly negative note, BNBChain-based play-to-earn game WonderHero lost over $320,000 to a security breach.

This week’s UpOnly | Research brings you a comprehensive roundup of these developments. Notably, the Epic Games bumper raise makes it the latest game developer to outline clear visions for a Metaverse-rich future. This reinforces public confidence that the Metaverse is not just a passing fad, but a quickly-approaching reality.

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