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Epic Games Secures $1B Investment to Build Its Unreal Engine-powered Metaverse

Road to VR

Epic Games, the company known for its hit battle royale title Fortnite and the Unreal Engine game engine, has managed to attract a stunning $1 billion in its quest to establish a metaverse of linked games and services. The post Epic Games Secures $1B Investment to Build Its Unreal Engine-powered Metaverse appeared first on Road to VR.

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Sony’s New 3D Display Doesn’t Require Any Glasses

VRScout

Sony announced a new addition to its growing lineup of Spatial Reality Displays. Available for purchase next month, the ELF-SR2 is a 27-inch 4K display that can supposedly deliver immersive 3D content without the need for additional hardware, such as augmented reality (AR) glasses or a VR headset.

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Sony Establishes Virtual Production Collaboration Centre

XR Today - Augmented Reality tag

The technology field leverages immersive hardware and software stacks, enabling on-set professionals to project realistic virtual environments as backdrops with immersive visualizations viewable by a human’s and a camera’s eye. Moreover, Sony has a DMPC in Los Angeles to provide VP knowledge in the US.

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The XR Week Peek (2020.07.13): Sony invests in Epic, Rockstar is working on an AAA VR game, and more!

The Ghost Howls

Sony invests $250M in Epic Games. Sony has announced that it has made a big investment of $250M in Epic Games through one of its subsidiaries. The investment gives Sony a minority stake in Epic that now is evaluated at more than $17B. And Sony for sure wants to have a stake in the metaverse. Top news of the week.

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Epic Games Acquires Sketchfab, the Massive 3D Object Library Compatible with AR/VR Headsets

Road to VR

Sketchfab , the platform that lets you view, share, and download 3D models via traditional monitors and AR/VR headsets, today announced its been acquired by Unreal Engine creators Epic Games. Sketchfab says it will continue to support other game engines, Unity included.

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BSC 2023: Sony Exec on Virtual Production Tools

XR Today - Mixed Reality tag

Many industry innovators are leveraging immersive technology to replace or enhance filmmaking techniques, such as backdrops and shooting within moving vehicles. Virtual production hardware enables on-set staff to leverage immersive solutions, such as high-quality LED walls or volumes, to create realistic environments for actors to perform.

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PlayStation VR 2 Coming in 2023

XR Today - Virtual Reality

Sony may launch it in 1Q23, depending on the development schedule of PS VR2 game titles. A tweet by XR analyst Brad Lynch revealed Sony’s manufacturing partnership, also reporting that the Goertek is producing parts for Meta’s Project Cambria, Apple’s upcoming XR headset, and Pico devices. units shipments in 2H22.