The popular and renowned toy company Lego is eyeing the metaverse market. With the aim of expanding its operations and gaining more and more audiences, the company announced a partnership with Epic Games to launch its own virtual reality platform.
The focus is on the digital market, and, according to Lego CEO, Niels Christiansen, the idea is to inject million-dollar investments into the new era of the internet. To the Financial Times, the executive commented that they are “doing a lot of things on the digital side”.
“That’s where we are increasing investment. We know very well how to immerse consumers in the Lego universe in stores. We are working hard to create this feeling of entering the universe of the Lego brand also digitally”, said Niels.
Lego announced its plans last year to create a safe metaverse for children. Lego's investments reached around US$2 billion in Epic Games.
The announcement of the partnership addresses a problem that the Danish toy company has to face. With more and more digital natives, children are spending much more time in front of the screen than physically playing. In this way, Lego's bet is to merge what is already a success in the physical environment with what is trending in the digital environment.
Recently the Curto News published that Lego's revenue increased in 2022, exceeding US$9 billion.
This post was last modified on March 10, 2023 15:13 pm
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