King River Capital, Immutable, and Polygon Labs have teamed up to launch the $100M Inevitable Games Fund (IGF

Wanda Meloni
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FUNDING
This web3 fund brings together Immutable and Polygon Labs who will identify opportunities for investors across the ecosystem. Managed by King River Capital, with support from Immutable and Polygon Labs, the fund targets high-growth prospects in the web3 gaming space. IGF's investor base comprises select professional and sophisticated investors, with an initial cap set at […]
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LG Uplus to open metaverse for Yonsei Univ. in September

Autodesk closes PIX acquisition

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ACQUISITIONS
Autodesk, Inc. has acquired the PIX business of X2X. PIX stands as a production management solution facilitating secure review and content collaboration between creatives and executives in the media and entertainment industry throughout the production process. The decision to acquire PIX aligns with Autodesk's findings from its 2023 State of Design and Make report, which […]
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Life-Enhancing Augmented Reality

Adobe Integrates Firefly Generative AI Into Substance 3D Workflows

News Desk
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AdobeSubstance
GAMES
Adobe has integrated Firefly generative AI capabilities into Substance 3D Sampler and Stager, marking a significant advancement in 3D workflows for industrial designers, game developers, and VFX professionals. These new features, Text to Texture and Generative Background, streamline and enhance 3D texturing and staging tasks, saving time and boosting creativity. The Text to Texture feature […]
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Virtual Reality: Transforming Work and Entertainment

Sony stops production of PSVR 2 to clear current backlog

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PSVR2
GAMES
According to Bloomberg, Sony Interactive Entertainment has paused the production of PSVR 2 in order to address the existing surplus of unsold units. This information comes from sources familiar with the situation. These sources indicate that Sony has already manufactured over 2 million units of PSVR 2. Data from IDC, as cited by Bloomberg, reveals […]
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YouTuber finds only 900 daily users in Horizon Worlds

VR game developer Thirdverse has finalized $11.29 million in investment

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FUNDING
Based in San Francisco, California, Thirdverse, raised $3.3 million through a third-party share allotment facilitated by Nissei Capital Co., Ltd. and VeriServe Corporation. This latest funding, combined with the capital previously raised in November of the previous year, brings the total series D funding to approximately $11.29 million. When considering the funds amassed before the […]
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AdobeSubstance

Adobe Integrates Firefly Generative AI Into Substance 3D Workflows

Chaos Unveils 2024 Roadmap: AI and Visual Storytelling Tools

News Desk
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Chaos Roadmap
GENERATIVE AI
Discover how Chaos aims to redefine visualization with AI-powered features and smart products designed to facilitate the production of top-quality work without limitations. The imminent dawn of a new era in visualization promises exciting opportunities for creators to bring their ideas to life with unprecedented freedom. Chaos is committed to spearheading this creative revolution. But […]
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Made on Earth Games secures $3.2m in seed funding round

Is the Disney deal as Epic as we think?

Christopher Caen
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Is the Disney Deal as Epic as we think?
ENTERTAINMENT
So I admit, I can safely say I did not have “Disney invests $1.5 billion in Epic” on my 2024 bingo card, although I am pretty sure I am in good company when it comes to that announcement. But as folks who have been knocking around the worlds of the metaverse and gaming for years, as the dust settled on this, Tony Parisi and I have some thoughts.
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Gamers don’t want photorealism

Gamers Don’t Want Photorealism, They Want Games That Let Them Do Whatever They Want

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