Author name: vrnewsdan

Get ready for a blast from the past as SideQuest, Quest’s go-to alternative app library, is bringing back Microsoft’s pioneering social VR platform AltspaceVR in a major way this fall. The revival of Altspace marks a significant milestone for VR enthusiasts, offering a new chapter for a platform that was one of the first to […]

Xbox Hardware Revenue Takes a Massive Hit: What Does it Mean for VR Enthusiasts? In a stunning blow to Microsoft’s gaming division, Xbox hardware revenue plummeted by $1.7 billion during fiscal 2026, marking a 7% decline from the previous year. This staggering drop is just the latest in a series of worrying signs that have

Layoffs Rip Through Industry, Leaving a Trail of Lost Institutional Knowledge The recent wave of layoffs in the gaming industry has left many feeling stunned and heartbroken. Microsoft’s announcement that they would be eliminating 1,600 employees across their games business was just the latest blow to an industry already reeling from years of cuts. As

Get ready to embark on a thrilling adventure as Craft World prepares to launch “The 9 Goddesses Adventure”, a breathtaking immersive installation that promises to transport visitors to a world of wonder and discovery. On Friday at 1 p.m. Pacific time (22:00 Central European time), the grand opening will take place, marking a major milestone

Krafton’s Stellar Q2 Performance Hailed by Industry Insiders, with Subnautica 2 and PUBG Leading the Charge In a monumental display of growth, South Korean gaming giant Krafton has smashed its second-quarter revenue records, boasting an astonishing 94.9 percent increase to $889.1 million. This phenomenal surge is largely attributed to the runaway success of Subnautica 2,

Lightspeed LA’s Shift in Creative Direction Sparks Layoffs Amid VR Hopes In a move that has left VR enthusiasts wondering about the future of The Last Sentinel, Tencent-owned Lightspeed LA is laying off staff, citing a shift in creative and development direction for the project. The news broke earlier this week, with reports suggesting that

Epic Games’ Latest Power Play: Former Blizzard Exec Joins the Fold, Bringing Battle-Tested Expertise to the Table In a move that’s sending shockwaves through the gaming industry, Epic Games has announced the hiring of Martin Keely, former senior vice president of Battle.net and technology services at Blizzard. As the new vice president and general manager

The wait is finally over for VR fans eager to dive into Somnium Space’s latest update. The innovative social VR platform has just rolled out its biggest update yet, v3.1.6, ahead of its highly anticipated return to Steam and Apple Vision Pro. This massive overhaul promises to bring major improvements across the entire platform, putting

Double Fine’s Rebirth into Independence Brings Painful Layoffs, but Hope for VR Enthusiasts In a move that will send shockwaves through the gaming industry, Double Fine has announced layoffs affecting 23 members of staff, following its recent independence from Xbox maker Microsoft. The news marks a turning point in the studio’s history, as it transitions

EA’s Andrew Wilson Lands $38.6 Million Payday Amid Franchise Success and Studio Layoffs In a year marked by significant milestones for major franchises like Battlefield and EA Sports FC, as well as the adoption of cutting-edge technologies such as generative AI, Electronic Arts’ (EA) long-serving CEO Andrew Wilson has reaped the rewards of his team’s