Epic Games to Pour $1 Billion Into Metaverse Development, Crushing Traditional Social Networks
Epic Games recently announced a $1 billion funding round to support their long-term vision for the Metaverse, before promptly announcing the early access release of MetaHumans Creator.
Key insight: Social networks such as Instagram, Twitter, and TikTok (including the creators within) need to shift their attention to 3D-optimized experiences in a bid to stay relevant following the ongoing transition, else they risk shelving themselves as the 2D social networks of the past. Today's most popular social networks are on track to become an after-thought rather than the destination.
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Christopher Travers