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Epic Games raises $1 billion to build the Metaverse

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  • cheyanecheyane Member LegendaryPosts: 9,385
    I can live without Epic games...Their empire is based on a game that is pure garbage....If that is what we are going to get more of, then no thanks.
    From what I recall you're a bit of a skinflint  :p :wink: so  they can live without you either.
    SovrathKyleran
    Garrus Signature
  • TillerTiller Member LegendaryPosts: 11,449
    Sounds like Second Life.
    francis_baud
    SWG Bloodfin vet
    Elder Jedi/Elder Bounty Hunter
     
  • Panther2103Panther2103 Member EpicPosts: 5,777
    lahnmir said:
    I can live without Epic games...Their empire is based on a game that is pure garbage....If that is what we are going to get more of, then no thanks.
    What is wrong with the Unreal series?  B)

    /Cheers,
    Lahnmir
    Oh how much I wish for a new Unreal game, even that community made one that doesn't seem to be going anywhere.
  • cameltosiscameltosis Member LegendaryPosts: 3,832
    Epic just doesn't make sense to me.


    Building a metaverse for their customers just seems oxymoronic. Their games, their customers, their entire approach to building games is anti-social. Why the fuck would they then try to build a social platforms? Its like designing a retirement home for a bunch of retarded teenagers - even if the retirement home is great, those teens aren't gonna be using it .



    So, what I expect is more the case, this is just Epic using a bunch of buzzwords to generate excitement.

    I think their "metaverse" is just going to be the ability to play and launch all of the Epic games from a single platform, and you will probably have a customisable avatar and username that can be brought into each Epic game.



    As to the earlier poster talking about Raph and virtual worlds: Raph already tried this in 2008 with metaplace. That was his attempt to create a Ready Player One type of platform. It didn't really work as intended, for a variety of reasons, but still had some interesting use-cases and was picked up by some unexpected groups of people (e.g. it got used by some universities to create online lecture halls)


    Asm0deusGdemami
    Currently Playing: WAR RoR - Spitt rr7X Black Orc | Scrotling rr6X Squig Herder | Scabrous rr4X Shaman

  • RungarRungar Member RarePosts: 1,132
    They have to lock everyone in their houses to make it work. 
    francis_baud
    .05 of a second to midnight
  • Asm0deusAsm0deus Member EpicPosts: 4,600
    the metaverse should be built with open standards so that walled gardens do not dominate the community.
    Hmmm this from the peeps that like games to be exclusive to their platform.......
    Gdemami

    Brenics ~ Just to point out I do believe Chris Roberts is going down as the man who cheated backers and took down crowdfunding for gaming.





  • MMOExposedMMOExposed Member RarePosts: 7,400
    So is this like Second Life but for VR? 

    Philosophy of MMO Game Design

  • TillerTiller Member LegendaryPosts: 11,449
    So is this like Second Life but for VR? 

    Which pretty much means it's like Project Sansar https://www.sansar.com/

    SWG Bloodfin vet
    Elder Jedi/Elder Bounty Hunter
     
  • AlbatroesAlbatroes Member LegendaryPosts: 7,671
    It honestly wont work since pretty much everyone is trying to monetize anything they can now. You can honestly find a reaction video to pretty much anything. People could literally post a video of their cat jumping into their lap or meowing and get a million views (dont believe me? just look up any jumping cat videos on youtube and see how many views they average).
    Gdemami
  • TwistedSister77TwistedSister77 Member EpicPosts: 1,144
    Quizzical said:
    lahnmir said:
    All it needs now is its own crypto currency and we are truly next level..... Heard it here first.

    /Cheers,
    Lahnmir
    If they wanted to add a cryptocurrency, it would cost $1 trillion, not $1 billion.
    You all understand each game with a cash shop converts your $ into their game currency (digital).  

    They don't necessarily need to use current bitcoin, they can just create a new metaverse currency (which isn't traded and speculated on in trading markets).
  • TwistedSister77TwistedSister77 Member EpicPosts: 1,144
    edited April 2021
    I think if Epic, using private investment, wants to make the first attempt at a metaverse... go for it.  

    I doubt it will be just a lobby for access to our favorite games,  with avatars... for $1billion in initial investment.  So I'll wait and see.
    Kyleran
  • RungarRungar Member RarePosts: 1,132
    Quizzical said:
    lahnmir said:
    All it needs now is its own crypto currency and we are truly next level..... Heard it here first.

    /Cheers,
    Lahnmir
    If they wanted to add a cryptocurrency, it would cost $1 trillion, not $1 billion.
    You all understand each game with a cash shop converts your $ into their game currency (digital).  

    They don't necessarily need to use current bitcoin, they can just create a new metaverse currency (which isn't traded and speculated on in trading markets).
    I think the idea is that if you attach such currencies which are prone to speculation the game itself will attract a type of clientele that would be akin to hell on earth for most players. 
    Gdemami
    .05 of a second to midnight
  • TwistedSister77TwistedSister77 Member EpicPosts: 1,144
    edited April 2021
    Rungar said:
    Quizzical said:
    lahnmir said:
    All it needs now is its own crypto currency and we are truly next level..... Heard it here first.

    /Cheers,
    Lahnmir
    If they wanted to add a cryptocurrency, it would cost $1 trillion, not $1 billion.
    You all understand each game with a cash shop converts your $ into their game currency (digital).  

    They don't necessarily need to use current bitcoin, they can just create a new metaverse currency (which isn't traded and speculated on in trading markets).
    I think the idea is that if you attach such currencies which are prone to speculation the game itself will attract a type of clientele that would be akin to hell on earth for most players. 
    Yes, I get this.  But to go straight to this, when the metaverse is still in concept phase is getting ahead of ourselves.

     I also see a ton of negativity in this thread for a company putting up big stakes to try something new.

    How many threads have we seen made here, over the years, about how MMORPGs need to transform?  What about the possibilities with a metaverse?  

    Done right, this could be a platform for new era of MMORPGs and gaming in general.


    MendelKyleranBrainy
  • IselinIselin Member LegendaryPosts: 18,719

    Done right, this could be a platform for new era of MMORPGs and gaming in general.


    It goes way beyond gaming.

    I don't think many in this thread even know what they mean by metaverse. A primer for you:

    https://www.ign.com/articles/what-is-epic-games-metaverse-and-is-it-worth-billions

    TwistedSister77cameltosis[Deleted User]
    "Social media gives legions of idiots the right to speak when they once only spoke at a bar after a glass of wine, without harming the community ... but now they have the same right to speak as a Nobel Prize winner. It's the invasion of the idiots”

    ― Umberto Eco

    “Microtransactions? In a single player role-playing game? Are you nuts?” 
    ― CD PROJEKT RED

  • lahnmirlahnmir Member LegendaryPosts: 5,050
    Iselin said:

    Done right, this could be a platform for new era of MMORPGs and gaming in general.


    It goes way beyond gaming.

    I don't think many in this thread even know what they mean by metaverse. A primer for you:

    https://www.ign.com/articles/what-is-epic-games-metaverse-and-is-it-worth-billions

    That was a good read, thanks. So they are making Playstation Home 2.0  :p

    /Cheers,
    Lahnmir
    Iselin[Deleted User]
    'the only way he could nail it any better is if he used a cross.'

    Kyleran on yours sincerely 


    'But there are many. You can play them entirely solo, and even offline. Also, you are wrong by default.'

    Ikcin in response to yours sincerely debating whether or not single-player offline MMOs exist...



    'This does not apply just to ED but SC or any other game. What they will get is Rebirth/X4, likely prettier but equally underwhelming and pointless. 

    It is incredibly difficult to design some meaningfull leg content that would fit a space ship game - simply because it is not a leg game.

    It is just huge resource waste....'

    Gdemami absolutely not being an armchair developer

  • IselinIselin Member LegendaryPosts: 18,719
    lahnmir said:
    Iselin said:

    Done right, this could be a platform for new era of MMORPGs and gaming in general.


    It goes way beyond gaming.

    I don't think many in this thread even know what they mean by metaverse. A primer for you:

    https://www.ign.com/articles/what-is-epic-games-metaverse-and-is-it-worth-billions

    That was a good read, thanks. So they are making Playstation Home 2.0  :p

    /Cheers,
    Lahnmir
    More like Mosaic 2.0.

    But now with 1 personal universal ID that will definitively answer the question, was Remsleep really DMKano?

    :)
    lahnmircameltosis[Deleted User]Asm0deus
    "Social media gives legions of idiots the right to speak when they once only spoke at a bar after a glass of wine, without harming the community ... but now they have the same right to speak as a Nobel Prize winner. It's the invasion of the idiots”

    ― Umberto Eco

    “Microtransactions? In a single player role-playing game? Are you nuts?” 
    ― CD PROJEKT RED

  • RungarRungar Member RarePosts: 1,132
    yea it goes way beyond gaming and directly into hell on earth. 

     

     

     



     
    Gdemami
    .05 of a second to midnight
  • Sal1Sal1 Member UncommonPosts: 430
    Tiller said:
    Sounds like Second Life.
    I was gonna say the same thing. I play Second Life and have met people from all over the world there.
  • TillerTiller Member LegendaryPosts: 11,449
    lahnmir said:
    Iselin said:

    Done right, this could be a platform for new era of MMORPGs and gaming in general.


    It goes way beyond gaming.

    I don't think many in this thread even know what they mean by metaverse. A primer for you:

    https://www.ign.com/articles/what-is-epic-games-metaverse-and-is-it-worth-billions

    That was a good read, thanks. So they are making Playstation Home 2.0  :p

    /Cheers,
    Lahnmir

    I never tried that, but people who liked it say it was pretty awesome.

    SWG Bloodfin vet
    Elder Jedi/Elder Bounty Hunter
     
  • MendelMendel Member LegendaryPosts: 5,609
    I wonder where all the money came from.  The article mentioned 'multiple companies', but I didn't see any details.  I may have missed that, though.

    One thing no one seems to be bringing up is that the idea of a universal personal internet ID means a much bigger opportunity for moderation and censorship.  The idea makes a lot of sense from a userID/password/security issue and could enable lots of interesting things, but the price may be a loss of personal privacy and freedom.  With the outburst of censoring against individuals by social media, do we really want to make it easier for the tech companies to coordinate their moderation?  I've read far too many SF stories showing the evils of 'thought police' to be overly comfortable with this idea.

    It seems a bold move by Epic.  It really could do good things for gaming.  But this particular cloud may be carrying toxic rain in the guise of its silver lining.  It's all going to depend on who is in control of this.  Do we really want to concede the earth to Disney/Amazon/Elon Musk?



    RungarGdemami

    Logic, my dear, merely enables one to be wrong with great authority.

  • MendelMendel Member LegendaryPosts: 5,609
    Torval said:
    Mendel said:
    I wonder where all the money came from.  The article mentioned 'multiple companies', but I didn't see any details.  I may have missed that, though.
    There is a link in the IGN article to the Epic announcement.

    This round includes an additional $200M strategic investment from Sony Group Corporation, which builds on the already close relationship between the two companies and reinforces their shared mission to advance the state of the art in technology, entertainment, and socially-connected online services. Other investment partners include Appaloosa, Baillie Gifford, Fidelity Management & Research Company LLC, GIC, funds and accounts advised by T. Rowe Price Associates, Ontario Teachers’ Pension Plan Board, funds and accounts managed by BlackRock, Park West, KKR, AllianceBernstein, Altimeter, Franklin Templeton and Luxor Capital.  Epic continues to have only a single class of common stock outstanding and CEO Tim Sweeney remains the controlling shareholder of the company.


    So, mostly equity and investment firms and Sony who has put in $200M this round and $250M in a previous funding round.

    Thanks for that, @Torval.  Looks like a lot of companies buying into an idea, not really a consortium of game development companies.  Sony's participation *might* be trying to re-energize their consoles or maybe setting up for a future launch.

    Anyway, it's looking more and more likely that all games will have to acknowledge Fortnite as the one and true game for all genres.  Is it too late to find a new hobby?



    [Deleted User]Gdemami

    Logic, my dear, merely enables one to be wrong with great authority.

  • TwistedSister77TwistedSister77 Member EpicPosts: 1,144
    Mendel said:
    Torval said:
    Mendel said:
    I wonder where all the money came from.  The article mentioned 'multiple companies', but I didn't see any details.  I may have missed that, though.
    There is a link in the IGN article to the Epic announcement.

    This round includes an additional $200M strategic investment from Sony Group Corporation, which builds on the already close relationship between the two companies and reinforces their shared mission to advance the state of the art in technology, entertainment, and socially-connected online services. Other investment partners include Appaloosa, Baillie Gifford, Fidelity Management & Research Company LLC, GIC, funds and accounts advised by T. Rowe Price Associates, Ontario Teachers’ Pension Plan Board, funds and accounts managed by BlackRock, Park West, KKR, AllianceBernstein, Altimeter, Franklin Templeton and Luxor Capital.  Epic continues to have only a single class of common stock outstanding and CEO Tim Sweeney remains the controlling shareholder of the company.


    So, mostly equity and investment firms and Sony who has put in $200M this round and $250M in a previous funding round.

    Thanks for that, @Torval.  Looks like a lot of companies buying into an idea, not really a consortium of game development companies.  Sony's participation *might* be trying to re-energize their consoles or maybe setting up for a future launch.

    Anyway, it's looking more and more likely that all games will have to acknowledge Fortnite as the one and true game for all genres.  Is it too late to find a new hobby?



    Not that fortnight is the game, just that it was the one of the first major games to allow cross platform play... ironically they had to fight Sony on this.  This is a big development, so was the tech behind it.
  • DeadGenreDeadGenre Newbie CommonPosts: 7
    Cool idea in theory... a pipe dream in reality.
    Gdemami
  • francis_baudfrancis_baud Member RarePosts: 479
    Even after reading some articles I still don't get concretely how it will benefit the users (basically what new features it brings, what problems it solves).
    [Deleted User]
  • IselinIselin Member LegendaryPosts: 18,719
    Even after reading some articles I still don't get concretely how it will benefit the users (basically what new features it brings, what problems it solves).
    No I think you got it just fine. It's their toy they hope to make even more money from. It's not our toy.

    Nevertheless they will dream up "advantages" and try to sell you on it.

    One aspect of it already is a kind of VR internet or even just VR sites like Facebook is working on with their Horizons. That will surely appeal to and will be promoted virally by people who enjoy wearing large, heavy contraptions on their head.

    When they say "better engagement" and "more attractive and richer environment" what they're actually thinking is cha-ching.

    :)

    francis_baud[Deleted User]GdemamiMendel
    "Social media gives legions of idiots the right to speak when they once only spoke at a bar after a glass of wine, without harming the community ... but now they have the same right to speak as a Nobel Prize winner. It's the invasion of the idiots”

    ― Umberto Eco

    “Microtransactions? In a single player role-playing game? Are you nuts?” 
    ― CD PROJEKT RED

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