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Unity is Spending Big on the Metaverse for Entertainment

Image: Unity
Image: Unity (Other)

Though Unity may not have the same level of cultural cache as some of the other companies on this list, you’ve more than likely played a game or watched a movie that used its 3D development platform in one way or another. So, of course, it’s signaling its intention to make a splash in the gaming metaverse.

Just last week, the company shelled out $1.63 billion to acquire Visual effects studio Weta Digital which has been involved in major blockbusters like Avatar and the Lord of the Rings. The company believes the acquisition will develop a wider arsenal of tools to create what ends up maturing into a user-focused metaverse through multiple digital mediums.