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‘Synth Riders’ Studio Confirms Major Layoffs Affecting 50 Percent of Staff

Kluge Interactive, the developer behind popular VR rhythm game Synth Riders (2018), confirmed the studio has suffered a “major round of layoffs” earlier this year. Kluge Interactive has been busy creating games for Horizon Worlds, Roblox, and bringing Synth Riders to new non-VR platforms, like Nintendo Switch. Earlier this year though, Meta announced it was pulling the plug on […]

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“VRChat is not going anywhere” Founders Reassure Amid Downturn in Social VR Platforms

Rec Room is shutting down in June. Meta’s Horizon Worlds is searching for greener pastures on mobile. Now, VRChat co-founders say there’s no need to worry about the social VR platform’s future. “In case you were wondering, VRChat is not going anywhere,” studio co-founders Graham Gaylor and Jesse Joudrey say in a recent blog post. According to Gaylor and […]

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Why One of VR’s Most Valuable Companies is Shutting Down, According to Top Creator

Social VR platform Rec Room, once valued at $3.5 billion, announced earlier this week that it will be shutting down in June. The studio says it never quite figured out how to turn a profit, though top avatar creator blueasis maintains the story is a bit more complicated. If you’ve ever seen the weird little VRChat […]

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‘Moss’ Developer Polyarc Lays Off Two-Thirds of Studio Following “major project” Cancellation

Polyarc, the studio behind VR puzzle-platformer series Moss, announced it’s significantly reducing the size of the company, marking another VR pioneer currently experiencing existential turmoil. The studio released word via a LinkedIn post on Tuesday, noting that layoffs come amid an “unsuccessful team-wide effort to secure funding following the cancellation of a major project.” Speaking to GamesIndustry.biz, […]

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‘Cyberpunk 2077’ is Officially Coming to VR Soon as a Co-op Location-based Experience

CD Projekt Red announced it’s working with Zero Latency VR to bring Cyberpunk 2077 to out-of-home VR destinations. Zero Latency VR calls the forthcoming experience “based on the world of Cyberpunk 2077,” but built specifically for the company’s untethered, free-roam technology. What’s more, the studios say they’re bringing the co-op experience to Zero Latency VR’s locations worldwide […]

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XR Startup Lynx Appears to Enter Liquidation Proceedings Ahead of R2 Headset Launch

The company behind Lynx has entered liquidation proceedings ahead of launch of its upcoming Lynx-R2 XR headset, which is targeted at both consumers and enterprise. According to French court documents, SL Process, the company behind Lynx, has officially entered judicial liquidation following a ruling by the Economic Activities Court of Nanterre, France. The legal notice was […]

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VR Pioneer nDreams Announces Studio Closures & Layoffs Amid “challenging” Games Market

nDreams, one of VR’s most senior game studios, announced plans to close two internal studios responsible for some of its most forward-thinking VR projects, which could also include a sizable number of layoffs. While nDreams hasn’t officially shuttered Near Light or Compass at this point, the company says in a LinkenIn post that it could […]

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This Company Wants to Refresh Workers by Sticking Them in Tiny Pods With VR Headsets

South Korea-based XR company NP Inc showed off a unique solution to combat employee fatigue at Mobile World Congress (MWC) in Barcelona this week, combining a small pod with a VR headset. The News NP, developer of the MUA app for Quest, unveiled MUA’H (MUA Home) this past week, a single-person pod unit designed to provide an immediate […]

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Google’s Project Genie Makes Real-time Explorable Virtual Worlds, Offering a Peek Into VR’s Future

DeepMind, Google’s AI research lab, announced Genie 3 last August, showing off an AI system capable of generating interactive virtual environments in real-time. Now, Google has released an experimental prototype that Google AI subscribers can try today. Granted, you can’t generate VR world on the fly just yet, but we’re getting tantalizingly close. The News Project […]

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Virtuix Goes Public During a Turbulent Moment for Consumer VR

VR treadmill creator Virtuix is going public, as its Class A ordinary shares will start trading today on the Global Market tier of the Nasdaq. The company’s stock market debut comes as consumer VR investment and first-party content spending have slowed across the industry. The News Founded in 2013 by CEO Jan Goetgeluk, Virtuix initially started its […]

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