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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.

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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

Image by Epic Games). 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. Rockstar is working on AAA VR open world game.

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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. According to the company, the device is designed for use by architects, engineers, industrial designers, software and game developers, and various other professions. There are even practical use cases for modern retail spaces, as pictured below.

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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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Sony Establishes Virtual Production Collaboration Centre

XR Today - Augmented Reality tag

Sony’s VP Tools Sony’s Crystal LED display technology and Venice camera capture technology create a unified RT3D backdrop solution which projects immersive and reactive visuals with the firm’s high brightness, wide colour gamut, and high contrast ratio promise.

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The XR Week Peek (2024.1.1): Quest is selling well for the holidays, UEVR injector released, and more!

The Ghost Howls

More info (Meta Quest app has been the most downloaded app) More info (Number of users of VR apps has increased) Other relevant news (Image by Epic Games) Praydog’s UEVR injector has been released! With the success of standalone headsets, all game studios are focused on Quest, and no one is investing any more in high-budget games for PC VR.

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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.