• Loading stock data...
Thursday, March 20, 2025
Nominations Are Open for Front Office Sports Honors! Submit Now

Epic CEO: Metaverse Could Be ‘Multi-Trillion’ Industry

  • Epic Games CEO Tim Sweeney said that the multiverse could eventually grow to be a multi-trillion-dollar industry.
  • He sees several companies in a race to 1 billion metaverse users.
Epic Games/Design: Alex Brooks

Epic Games CEO Tim Sweeney sees himself in a race with companies like Meta, Microsoft, and Roblox. The goal: 1 billion metaverse users.

“Whoever brings on a billion users first would be the presumed leader in setting the standards,” Sweeney said.

The CEO sees the metaverse as a potential “multi-trillion-dollar part of the world economy,” which, like the internet, would not be owned by any one company.

Epic is one of several companies actively building virtual environments.

  • “Fortnite,” in addition to being a hit game, has become a virtual social and event space that hosts concerts.
  • Nike is partnering with Roblox to create a virtual playspace called Nikeland. The online area is filled with courts, arenas, and product showrooms. Nike previously filed a trademark application for digital shoes and apparel bearing its logo and slogan. 
  • Microsoft is initially focusing on workplace environments for its metaverse and has said it plans to move into games.
  • Disney CEO Bob Chapek said he envisions building a metaverse using streaming service Disney+ as a platform.

Sweeney also called out Apple and Google for forcing users and developers into siloed software environments. He is working to develop a “single store that works with all platforms.”

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

Nike Struggles Continue, but Signs of Turnaround Appear

The embattled company beats tepid expectations in both revenue and earnings.
Mar 15, 2025; New York, NY, USA; St. John's Red Storm guard RJ Luis Jr. (12) after hitting a three-point basket against the Creighton Bluejays in the second half at Madison Square Garden.

Perfect Storm: St. John’s Biggest Fans Can’t Bet on the School

In the No. 1 sports betting market, the Red Storm are off-limits.
Nov 9, 2024; Kansas City, MO, USA; in a NWSL playoff match at CPKC Stadium.

The ‘Groundswell and Momentum’ Behind New Women’s Pro Sports Venues

Women’s pro teams are increasingly getting their own new stadiums and facilities.
Mar 13, 2025; New York, NY, USA; American businessman and St. John's donor Mike Repole stands and applauds during the second half against the Butler Bulldogs at Madison Square Garden.

‘Back in the Spotlight’: How Mike Repole’s Millions Pulled St. John’s Into..

The billionaire-fueled renaissance put the Johnnies back into the national spotlight.

Featured Today

Auburn Tigers guard Miles Kelly (13) reacts after hitting a three-point shot against Kentucky during the first half in SEC basketball at Rupp Arena Saturday afternoon in Lexington, Kentucky March 1, 2025

The SEC’s Ascent to Men’s Basketball Supremacy

The league brought its football pageantry and power to college hoops.
San Diego Wave FC falls to Orlando Pride at Snapdragon Stadium in San Diego, CA on April 29, 2023.
March 14, 2025

The New Tailored Approach to Women’s Sports Uniforms

For new women’s sports leagues, every detail is custom.
Iowa Hawkeyes guard Caitlin Clark (22) cuts down the net after beating LSU in the Elite 8 round of the NCAA Women's Basketball Tournament between Iowa and LSU at MVP Arena, Monday, April 1, 2024 in Albany, N.Y.
opinion
March 9, 2025

Reader Mailbag: Leagues Need Must-Watch Moments

Readers responded to NHL success and what it means for other leagues.
Moolah Kicks
March 8, 2025

Breaking the Mold: The Brands Designing Footwear Specifically for Female Athletes

New companies are laser focused on changing the women’s athletic footwear landscape.

UFC’s Vegas Sphere Fight Should Set Records

The MMA fight has big aspirations and a budget to match.
August 13, 2024

Duael’s One-On-One Racing Brackets Are Yet Another Stab at Saving Track

Duael will debut in March 2025 with the inaugural Duael 100.
September 8, 2024

Guardian Caps Make NFL Debut

Multiple NFL players wore Guardian Caps over their helmets Sunday.
Sponsored

How UBS Crafts Impactful Partnerships Across Sports, Arts, and Culture

As UBS continues to expand its impressive array of sports and entertainment partnerships, the company solidifies its position as a leader in wealth management.
August 11, 2024

Guardian Caps Have Arrived in the NFL—Ahead of Schedule

Colts star Jonathan Taylor strapped one on for Sunday’s preseason game.
August 5, 2024

How Omega Timing Determined Noah Lyles Won Olympic Gold

Omega touches every corner of the Olympics.
The Adidas ball has changed over the years.
July 25, 2023

The Most Advanced Tech at the Women’s World Cup Might Surprise You

This year’s OCEAUNZ introduces connected ball technology to the women’s game.
Sponsored

Rewriting the Sports Media Playbook

WSC’s highlight automation improved Clemson’s content strategy and overall growth.