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Disney could reignite its metaverse ambitions with a \u201cgames universe\u201d partnership with Epic Games. The House of Mouse will invest $1.5 billion for an equity stake in the Fortnite maker<\/strong> amid metaverse moves by Apple and other tech firms.<\/strong><\/p>\n Today, Disney revealed a new partnership with Fortnite maker Epic Games to create the cross-franchise digital universe.<\/p>\n The online world will place Disney, Marvel, Star Wars, Pixar, and Avatar characters in a persistent universe built using the Unreal Engine. UnrealEngine is a real-time, 3-D creation tool Disney uses in games like Kingdom Hearts 3 and Star Wars Jedi: Survivor.<\/p>\n Disney\u2019s deal with Fortnite follows several previous integrations, like the Marvel Nexus War with Galactus. The CEO of Epic Games, Time Sweeney, said the partnership plays well to the strengths<\/a> of cross-platform integration.<\/p>\n Read more: Top 7 Metaverse Games to Play in 2022<\/a><\/strong><\/p>\n A previous collaboration drew over 15 million players, making the partnership\u2019s plans more likely to attract people to virtual worlds. The deal is subject to regulatory approval. According to Disney CEO Bob Iger, the partnership is Disney\u2019s \u2018biggest entry ever\u2019 into the world of games.<\/p>\n Disney reinstated CEO Bob Iger<\/a> in November 2022. in April that year, Iger invested in Genies, a company that develops 3-D avatars that wear digital apparel while traveling through metaverse platforms<\/a>. He attributed his investment to his interest of what happens at intersection of art and technology.<\/p>\n Since becoming CEO, Iger has had a massive task on his hands. The impacts of the COVID-19 pandemic, the rise of streaming television, and company-wide cost-cutting<\/a> were some of the issues Iger needed to solve. However, Disney\u2019s stock surged when Iger announced the new deal with Epic Games and one with Taylor Swift.<\/p>\n For a short time, it may have seemed like the metaverse was dead amid the surge in artificial intelligence interest. But, as Gartner analyst Marty Resnick argues, its easy to feel disappointed when a new technology temporarily obsures an earlier one.<\/p>\n \u201cPeople tend to focus on one thing at a time; generative AI was such a big shiny object, such a big disruption that it became the focus. The metaverse in the short term seemed to be a little bit disappointing,\u201d Resnick said.<\/p>\n<\/blockquote>\n Morever, concrete moves by Meta<\/a>, Disney, and Apple, with its Vision Pro headset, suggest interest is reviving. Meta renewed its metaverse focus from AI revenue after its original plan didn\u2019t pan out as expected<\/a>. Disney also embraced AI<\/a> before the the Epic Games tie-up that could set the stage for metaverse gaming.<\/a> <\/p>\n Read more: How To Invest in the Metaverse: 7 Best Stocks To Buy<\/a><\/strong><\/p>\n But one area in which metaverse companies<\/a> must tread cautiously is in complying with regulation<\/a>. The Bank for International Settlements recommends that, as the metaverse and its applications grown, regulators should consider interoperability, competitiveness, consumer protection, and data privacy. <\/p>\n BeInCrypto reached out to Disney and Fortnite for comments but did not hear back at the time of publication.<\/p>\n Disclaimer<\/p>\n In adherence to the Trust Project<\/a> guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our\u00a0Terms and Conditions<\/a>,\u00a0Privacy Policy<\/a>, and\u00a0Disclaimers<\/a>\u00a0have been updated.<\/p>\n<\/div><\/div>\n","protected":false},"excerpt":{"rendered":" Disney could reignite its metaverse ambitions with a \u201cgames universe\u201d partnership with Epic Games. The House of Mouse will invest $1.5 billion for an equity stake in the Fortnite maker amid metaverse moves by Apple and other tech firms. Today, Disney revealed a new partnership with Fortnite maker Epic Games to create the cross-franchise digital […]<\/p>\n","protected":false},"author":2,"featured_media":243732,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[263,262,260,259,258,265,202,261,264],"class_list":["post-243731","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-metaverse","tag-axie-infinity","tag-axs","tag-decentraland","tag-facebook","tag-game","tag-mark-zuckerberg","tag-nft","tag-sandbox","tag-vr"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243731","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=243731"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243731\/revisions"}],"predecessor-version":[{"id":243733,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/243731\/revisions\/243733"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/243732"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=243731"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=243731"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=243731"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}\n