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Epic Games Awarded Grants to 31 XR Projects in 2021 Through the $100M MegaGrants Fund

Road to VR

Since 2019 Epic Games (well known as the creators of Unreal Engine & Fortnite ) has run the Epic MegaGrants program, a $100 million fund to financially support projects built with Unreal Engine. BRUNNER Elektronik – Unreal Engine Integration for NOVASIM Flight Simulator. ALO VR – VigourVR (Singapore). VRSpeaking LLC.

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Sandbox is Building an SDK so Anyone Can Create for Its VR Attraction Platform

Road to VR

Sandbox operates a number of VR locations in major cities across North America as well as Hong Kong, Singapore, Macau, and Jakarta. Sandbox VR, the location-based VR attraction, will be opening up to third-party developers soon, as the company will be releasing an SDK for its Sandbox ‘holodeck’ VR attraction platform.

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Browzwear Unveils VStitcher, Lotta eFashion Updates

XR Today - Mixed Reality tag

The updates also feature real-time 3D (RT3D), hyperrealistic representations of clothing by leveraging Epic Games’ Unreal Engine, which powers major hit titles such as Fortnite, Grand Theft Auto, and others with cinematic graphical capabilities.

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Refract raises $8.5M SGD funding, announces new game development division 

TechCrunch VR

Refract , a Singapore-based extended reality (XR) startup, announced today it has closed approximately $8.5million SGD (approximately $6million) Series A led by Sea Limited along with international family offices and individual investors. AXIS can also work with popular VR headsets like the Oculus Quest 2, Chng said.

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Metaverse Law: Unravelling the Future of Online Interactions

XR Today - Virtual Reality

Meanwhile, AI content creators and solutions are increasing in influence on Metaverse apps and the engines which power them, like Unity and Unreal Engine 5, leading to a significant grey area—leading to speculation by regulators to address and future-proof laws.

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Improbable Raises Over $500 Million To Create The Tools That Will Build The Metaverse

UploadVR Between Realities podcast

According to the Improbable website, SpatialOS “gives you the power to seamlessly stitch together multiple servers and game engines like Unreal and Unity to power massive, persistent worlds with more players than ever before.” The company’s main product is a new platform for networked 3D graphics called SpatialOS.

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4 Ways The Metaverse May (Positively) Impact Your Business Operations

Bernard Marr

Thanks to metaverse-building tools like Unreal Engine 5, it’s easy to build your own virtual world where colleagues can collaborate. In one example, creative agency BBH Singapore recreated its office virtually in order to host an open-house career fair. For one thing, the metaverse can provide a novel way to attract and recruit talent.