{"id":71254,"date":"2024-02-13T03:29:09","date_gmt":"2024-02-13T07:29:09","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=71254"},"modified":"2024-02-13T03:53:55","modified_gmt":"2024-02-13T07:53:55","slug":"disney-partners-with-fortnite-creator-for-1-5b-metaverse-venture","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/disney-partners-with-fortnite-creator-for-1-5b-metaverse-venture\/","title":{"rendered":"Disney Partners with Fortnite Creator for $1.5b Metaverse Venture"},"content":{"rendered":"\n

The company behind Fortnite, Epic Games and Disney has taken a big step into the metaverse, a virtual world gaining popularity in the tech and entertainment industries<\/a>.<\/p>\n\n\n\n

\"Disney
Disney Partners with Fortnite Creator for $1.5b Metaverse Venture<\/figcaption><\/figure>\n\n\n\n

Disney will buy a $1.5 billion share in Epic Games<\/a> as part of the partnership. Through this collaboration, Disney's vast collection of intellectual properties (IPs) will be included in a metaverse that will provide a special kind of engagement and cohabitation with Fortnite's well-established user base, which currently numbers about 400 million registered users.<\/p>\n\n\n\n

The agreement, announced on Feb. 7th signifies a strategic move by Disney to leverage its iconic IPs, including Disney, Pixar, Marvel, Star Wars, and Avatar within a “new persistent universe”.<\/p>\n\n\n\n

The Universe aims to give customers a whole experience that includes playing, viewing, shopping, and interacting with characters and content from these cherished franchises.<\/p>\n\n\n\n

The endeavor is called a “multiyear project” and is Disney's largest-scale gaming venture to date. Disney CEO Bob Iger\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a> voiced excitement about the project and emphasized the potential for development and expansion. <\/p>\n\n\n\n

He emphasized the importance of this endeavor as Disney's most comprehensive foray into the gaming industry, excitedly awaiting the novel ways in which fans would interact with Disney characters and settings.<\/p>\n\n\n\n

This current action follows Disney's earlier endeavors, led by Mike White, SVP of next-generation storytelling and consumer experiences, and former CEO Bob Chapek, to gain a presence in the metaverse. <\/p>\n\n\n\n

Disney's previous metaverse strategy had difficulties despite early assertions that the metaverse was the “next great storytelling frontier.” As a result, the division was dissolved in April 2023 along with 7,000 people who were laid off as a whole.<\/p>\n\n\n\n

Disney has also announced that it will work with Dapper Labs, the company behind the NBA Top Shot collection, to release Disney Pinnacle, a new NFT mobile app<\/a>. The app runs on the Flow blockchain and offers exclusive digital treasures through badges.<\/p>\n","protected":false},"excerpt":{"rendered":"

The company behind Fortnite, Epic Games and Disney has taken a big step into the metaverse, a virtual world gaining popularity in the tech and entertainment industries. Disney will buy a $1.5 billion share in Epic Games as part of the partnership. Through this collaboration, Disney’s vast collection of intellectual properties (IPs) will be included […]<\/p>\n","protected":false},"author":43,"featured_media":71256,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5794],"tags":[13900,10966,4617],"class_list":["post-71254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse-news","tag-disney-2","tag-epic-games","tag-metaverse"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/02\/croc_1707807268852.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/71254","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/43"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=71254"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/71254\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/71256"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=71254"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=71254"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=71254"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}