Remember when global phenomenon Fortnite made more than $1 billion from in-app purchases alone in less than a year of existence? Yup, and on top of that gigantic windfall reported earlier this year, Fortnite developer Epic Games recently announced it received $1.25 billion in funding from several venture capital firms.
To no one’s surprise, Epic has been a little cagey about what it plans to do with its new billions. According to information the company provided to ONE37pm, the funds will be used to explore emerging and new spaces for Fortnite and their other ventures because “this investment creates powerful partnerships with highly strategic investment firms and individuals at the forefront of technology, entertainment, professional sports, esports and live events.”
While a sizeable developer like Epic isn’t going to lay out its exact roadmap with a successful round of investment, this is an enormous influx of cash, and we’re going to make some educated guesses for how it could spend these billions to improve and grow Fortnite and other parts of its business. So just what the heck will Epic do with all of that money?