VENTURE CAPITAL POST

Reports by SuperData indicated a downward sales projection for PlayStation VR. Contrary to the high estimated sales the firm released earlier this year, the projected units that would be sold by the end of this year dropped to 750,000.

Crytek’s new VR-enabled game development engine, the CryEngine V, will be available for a price that “feels comfortable” in the company’s new “Pay What You Want” business model. Users can buy resources from the engine’s new Marketplace system and also choose to contribute to the company’s new program to help indie projects around the world.

Samsung introduced its Gear VR new application in the culinary industry. Working with Sublimotion Restaurant in Ibiza, the Korean tech giant enriches dining experiences with the virtual reality technology, transporting diners from place to place, giving a unique dining sensation.

Oculus Story Studio has released a new virtual reality movie for the Oculus Rift featuring a charming quill-covered animated character, Henry the hedgehog.

Facebook's new Messenger app has made it easier for businesses to have an organic connection with their customers, which could yet be another way for the giant social media platform to earn money.

In a bid to revive its ailing licensing business, Finnish video game developer Rovio, the maker of hugely popular game "Angry Birds" - the number one paid mobile app of all time - on Monday said that the company will be partnering with Danish toymaker Lego to develop a line of Angry Birds themed construction toys.