Epic Games raises $2B a week after Unreal Engine 5’s release

Epic Games has raised $2 billion in a funding round just a week after its release of Unreal Engine 5.

Epic – known for its hit titles, popular game engine, and high-profile spats with Apple – says the funding will support its continued growth and vision to build the metaverse.

Tim Sweeney, CEO and Founder of Epic Games, said:

“As we reimagine the future of entertainment and play we need partners who share our vision. We have found this in our partnership...

12 April 2022 | Development Tools

The Coalition celebrates Unreal Engine 5’s release with impressive demo

Game studio The Coalition has celebrated Epic’s launch of Unreal Engine 5 with an impressive tech demo.

The demo shows off Unreal Engine 5’s most exciting new features, including Nanite and Lumen.

https://www.youtube.com/watch?v=0qbffi8abOg

Nanite is Unreal Engine 5's virtualised geometry system. According to Kate Rayner, Technical Director at The Coalition, Nanite allows for over 100x the detail that was previously possible.

“Our artists can create...

6 April 2022 | Development Tools

GDC kicks off with over 550 game dev sessions, will return as in-person event next year

This year’s Game Developers Conference (GDC) kicks off today as a virtual event with over 550 sessions on all things game development.

GDC 2021 claims to take full advantage of the possibilities offered by virtual events. Back in 2020, around COVID-19’s historic peak, GDC was one of the first large events to be cancelled.

The organisers now have successive virtual events under their belt so it will be interesting to see how they’ve utilised their experience to...

19 July 2021 | Gaming

Unreal Engine 5 PS5 demo was just 1440p, 30 FPS, and lacked ray-tracing

A demo of Unreal Engine 5 running on the upcoming PS5 was running at just 1440p resolution, 30 FPS, and lacked ray-tracing.

The video is a decent graphical showcase of what the next Unreal Engine can do but is relatively disappointing on a technical level. Many gamers are expecting up to 8K games, 120 FPS, and jaw-dropping ray-tracing from the next-gen consoles, but the current demo is more along the lines of the performance from the current PS4 Pro and Xbox One...

14 May 2020 | Gaming