VRGameNews.com is a website dedicated to providing the latest news, reviews, and information on virtual reality games and the VR gaming industry. It covers a wide range of VR games across various platforms, such as Oculus, PlayStation VR, and Steam VR, and provides updates on new game releases, gameplay features, and VR hardware. The website also features articles and opinion pieces on the future of VR gaming and the impact it may have on the wider gaming industry.
The popular game, Spider Hunter Kill It With Fire, is all set to make its way to VR headsets later this year. Development of the VR release for Casey Donnellan, who also developed the flat screen release, is being led by the solo developer.
The VR version is scheduled to launch on Quest 2, SteamVR, and both the original PSVR and PSVR 2 later this year. There is also a flatscreen version that can be checked out by viewing the previously-mentioned trailer.
The game involves going to war with house spiders, where you smash rooms and create new tools from household items to eliminate the arachnid threat once and for all.
Long-legged stalkers can hide anywhere and everywhere. However, you can increase your odds of success by collecting an arsenal of weapons, utilizing state-of-the-art spider-tracking technology and mastering the new VRACHNID(™) gloves to better detect these eight-legged creatures. Keep an eye on the tracker and listen for the telltale chirps that signal a spider, spiderling, or other creepy-crawly.
Use stationary and frying pans to smash these spiders, take out entire armies of them with ninja weapons, or obliterate them with shotguns and TNT if necessary. If you still feel spider legs dragging across your skin, bring out your flamethrower and incinerate them all.
Publishing duties for Kill It With Fire VR will be undertaken by tinyBuild. Speaking about the game, developer Casey Donnellan stated, “Fans have been asking for a VR version of Kill It With Fire since the first video of the original gameplay. I’m very happy that we can finally put hideous spiders on a screen less than an inch from the eyes of the players!”
Update: It has been confirmed that Kill It With Fire VR will launch on April 13th for Quest 2 and PC VR. The original PSVR and PSVR 2 release will come later in the year. The article was first published on February 24th and a new trailer is available below.
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Many of the top-performing virtual reality (VR) games on Meta Quest achieved their success through emphasis on creative concepts and unique gameplay. More than forty Quest games have grossed over $10 million each. At the Game Developers Conference, Meta emphasized these statistics as evidence of the strength of the Meta Quest ecosystem. Oculus Publishing currently provides funding for 150 VR games, having already invested over $1.5 billion.
Speaking at the conference, Chris Pruett, director of content for third-party games, noted that there is a correlation between quality and sales for VR games. This statement was echoed by Meta, and I believe they are both right in their assessment.
Does Quality Lead to Success on the Quest 2?
Some people might be skeptical of such a claim, especially since simple titles like Gorilla Tag or Among Us have sold so well. However, a significant number of successful VR games became hits through the use of creative and engaging concepts that took advantage of the unique features of the VR medium.
The zombie survival RPG game The Walking Dead: Saints & Sinners is an excellent example of this. The game achieved sales of over $50 million in October 2022 by taking advantage of two factors that made the story that much more immersive in VR. Firstly, life-size “walkers” commanded more respect in VR, and secondly, it was more fun to fight them in physics-based combat and dismember them with high-impact weapons. The action-packed game also used motion control for tasks such as disassembling and cleaning firearms, adding another layer of immersion for players.
Resident Evil as a VR Sales Driver
The VR remake of Resident Evil 4 by Armature Studios is also among the top-performing VR games. It surpassed one million in sales within 24 hours of release and is the fastest-selling VR game in the history of the Meta Quest 1 and 2. The game features more precise weapon handling and an adjusted inventory, creating a new gaming experience for players.
Meta must be careful not to lose too many classic players to Sony, as players have higher expectations for visuals than even major projects like Assassin’s Creed Nexus can achieve on Quest 2’s mobile chip. Even so, there is still untapped graphical potential in Quest 2, as VR games like Red Matter 2 have shown.
Mass Market or Creativity?
It would be great if major productions like Ubisoft pushed VR further into the mass market. Such successes could also make the medium less risky for smaller studios seeking to develop new and innovative VR gaming concepts. However, it is important to note that VR gaming should not fall back on typical AAA titles or nostalgia-inducing games that already dominate PC and console gaming.
Even detractors of simple games like Beat Saber (#1 bestseller), Among Us VR (#3), or Gorilla Tag should give these titles credit for becoming surprise hits through unique and creative gameplay mechanics. The willingness to experiment still present in VR games reminds me pleasantly of the good old days of the C64 and Amiga, where concepts weren’t forced into fixed genres and playstyles.
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Snap Inc., the company behind Snapchat and Snap Spectacles, has introduced a new enterprise solution that enables companies to easily incorporate Snap’s augmented reality (AR) technology into their platforms. AR Enterprise Services (ARES) offers a suite of advanced tools that can enhance the customer’s shopping experience. The new Shopping Suite is the first offering of ARES and includes several powerful technologies, such as 3D Viewer, AR Try-On, and Fit Finder. Retailers can integrate these features directly into their website or app to create a seamless AR shopping experience.
Credit: Snap Inc.
The Shopping Suite also comes with several business tools to manage assets, integrations, and measure performance analytics. Further, the suite offers dedicated services and support for AR asset creation, which is optimized for store performance and the final user.
Several companies including Gobi Cashmere, Goodr, and Princess Polly have partnered with ARES, with the service becoming available in 2023 to suppliers of accessories, apparel, and footwear.
“Over the next decade, we are excited to bring our world-class AR technology to business websites and apps, and even to their physical locations. We look forward to making the shopping experience more enjoyable for consumers and transforming businesses around the world with AR Enterprise Services,” stated Jill Popelka, Snap Inc’s director of enterprise AR services.
Razer, the tech company known for providing gamer-focused products and services, has entered the VR market with its adjustable head strap and face interface accessories designed for the Meta Quest 2. In this hands-on review of Razer Quest 2 accessories, we take a closer look at these products.
Razer announced its plan to launch a product line of VR accessories in collaboration with medical equipment company ResMed earlier this year at CES 2023. The company’s head strap and facial interface are specifically designed for the Quest 2 and aim to provide increased comfort and longer gaming sessions.
Razer Adjustable Head Strap Review for Quest 2
The nylon material of the head strap feels high-quality, and the stitching appears durable. It’s easy to install, and adjusting it is a breeze. You can put it on by pulling it over your head like a baseball cap, and there are three Velcro tabs used to adjust the fit.
The strap provides good overall support and is comfortable despite its slim design with little thick padding. However, it’s less stable with up and down movement compared to head straps made of stiff plastic, such as the Official Elite Strap. The Razer head strap is a portable alternative as it adds minimal bulk to the headset.
Razer Face Interface Review for Quest 2
The Razer facial interface is made of thin, contoured, and textured membranes for comfort and reduced facial pressure. The silicone material is incredibly soft and molds well to your face’s contours. The foam padding is less dense than standard interfaces, but the product is still comfortable, showing excellent engineering. The interface’s design allows for a boost in field of vision by bringing the eyes closer to the lenses while featuring hypoallergenic, medical-grade materials to reduce skin irritation.
The product has vents located around it to increase airflow, prevent sweating and lens fogging, and a nose piece to block external light. It’s easy to clean and maintain because of its smooth, crack-free surface, but it becomes sticky during hot, sweaty gaming sessions, causing it to stick to your skin. Dust and fibers also clog it easily. The interface effectively blocks external light while fitting perfectly with the Quest 2.
The Razer head strap system and facial interface are now available for purchase in the US for $69.99 each. The company plans to sell these accessories in other select regions and release more details in future announcements.
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Chickens in Medieval Dynasty seem to be the most widespread domestic animals in the game. They are the first animal to be unlocked in the playthrough. Knowing how to maintain chickens correctly is essential both for beginners and experienced players.
This guide will explain everything about chickens in Medieval Dynasty. Below is some information on obtaining chickens, maintaining them, and the possible profit from the animals. Also, below is some information on how much food these animals require. Let’s begin!
GAMERANT VIDEO OF THE DAY
RELATED: Medieval Dynasty: All Cave Locations
How To Get Chickens In Medieval Dynasty
First, build a Henhouse – the first animal building in the farming tree. The animal husbandry building is unlocked after reaching 50 Farming Tech Points. The construction costs very little. So, there won’t be any problems even at the beginning game’s stages. Still, it is necessary to get Chickens in Medieval Dynasty.
With a Henhouse inside the village, head to Borowo or Rolnica, two villages where Chickens can be bought. Juvenile Chicken costs 375 coins, and Mature Chicken costs 750 coins. Still, consider that the price might vary depending on the skills. The highest price for Juvenile Chicken is 562.5 coins, while the Mature Chicken can cost up to 1,125 coins.
There is also an option to sell Chickens. Still, the selling price will be significantly decreased, so avoiding selling chickens in Medieval Dynasty would be best.
RELATED: Medieval Dynasty: How to Find Bandits
Everything To Know About Chickens In Medieval Dynasty
Once finished with getting chickens in Medieval Dynasty, let’s continue with all the necessary things about these animals. They can give a better understanding of the game and help with managing.
A chicken is a fast-growing animal. It becomes mature when it reaches the age of two seasons, equal to six months. The average lifespan for a chicken is 25 seasons, while the minimal lifespan is 20. Even though there is no upper limit for the chicken’s lifespan, don’t expect it to grow more than six years.
A chicken is also a low-consume animal. The adult chicken consumes only 0.3126 feed per day, while the juvenile consumes 0.156 meal. So, these animals are inexpensive, even for those who just started playing.
Chickens also produce valuable resources. A single Hen can produce 0,5 eggs and 2,5 feathers working at full power. More feathers and meat can be obtained by hunting and skinning. The adult rooster or hen can give four pieces of meat, while the chick brings only one.
That’s it with the chickens guide in Medieval Dynasty. Having a couple of adult chickens is necessary to progress in the game. So, this guide will come in handy for both beginners and professional players.
Medieval Dynasty is available on PC, Xbox Series X/S, and PlayStation 5.
MORE: 13 Best Skills And Talents In Medieval Dynasty
They might have similar names and stylizing, but there’s little else that’s similar between FaZe Clan and forZe going into this ESL Pro League Season 17 Quarterfinal
The constantly shifting landscape of the CSGO scene offers up many surprises from time to time, and this has to be one of the biggest so far this year. It’s not every day that a top team moves on from the Round of 12 to the Quarterfinal of a big-ticket tournament to find a tier 2 team already waiting for them there, but such has been the form of forZe. This is where their real test begins, though, and if you’re planning to do someCSGO bettingor just want to know more about the teams involved, this preview is for you.
forZe
Following their unexpected and epic dominance of Group D, forZe have been waiting on the wings for the Quarterfinals to begin. Unlike some other teams, their journey was far from easy as they fought and beat the likes of Natus Vincere, Team Spirit and ENCE enroute to their direct berth. The team seems to have shaped up nicely, but no team truly proves itself until it plays the knockout stage of the biggest LAN tournaments, and this will be forZe’s first of the kind. They have shown they have the talent, but now it’s time for them to show their nerve.
Players
Andrey “Jerry” Mekhryakov
HLTV Rating: 1.06 Impact Rating: 1.05 Kill/Assist/Survived/Traded: 70.9% Average Damage Round: 76.4 Kills Per Round: 0.68
Vladislav “Krad” Kravchenko
HLTV Rating: 1.06 Impact Rating: 1.09 Kill/Assist/Survived/Traded: 68.7% Average Damage Round: 76.6 Kills Per Round: 0.69
Aleksandr “zorte” Zagodyrenko
HLTV Rating: 1.14 Impact Rating: 1.14 Kill/Assist/Survived/Traded: 72.7% Average Damage Round: 73.3 Kills Per Round: 0.72
Evgeniy “r3salt” Frolov
HLTV Rating: 1.05 Impact Rating: 1.07 Kill/Assist/Survived/Traded: 68.8% Average Damage Round: 76.1 Kills Per Round: 0.69
Aleksandr “shalfey” Marenov
HLTV Rating: 1.12 Impact Rating: 1.10 Kill/Assist/Survived/Traded: 71.7% Average Damage Round: 77.9 Kills Per Round: 0.71
Player To Watch
We’ve been backing shalfey for a while, but this time we’ll change things up and go with r3salt, who has also been superb.
FaZe Clan
After thrashing a formidable-looking FURIA, FaZe looks determined to finally take home the Intel Grand Slam they’ve been hunting for for so long. They had a good run in the Group Stage before falling to Vitality, but seems to have worked on their issues and are the overwhelming favorites to win this matchup. However, that same on-paper advantage could become counterproductive if it translates into pressure should they fall behind, so they’ll have to be on their toes.
Players
Håvard “rain” Nygaard
HLTV Rating: 1.03 Impact Rating: 1.16 Kill/Assist/Survived/Traded: 69.9% Average Damage Round: 80.0 Kills Per Round: 0.71
Helvijs “broky” Saukants
HLTV Rating: 1.10 Impact Rating: 1.01 Kill/Assist/Survived/Traded: 72.7% Average Damage Round: 73.1 Kills Per Round: 0.70
Russel “Twistzz” Van Dulken
HLTV Rating: 1.11 Impact Rating: 1.08 Kill/Assist/Survived/Traded: 73.8% Average Damage Round: 76.8 Kills Per Round: 0.73
Finn “karrigan” Andersen
HLTV Rating: 0.91 Impact Rating: 0.92 Kill/Assist/Survived/Traded: 66.9% Average Damage Round: 68.8 Kills Per Round: 0.62
Robin “ropz” Kool
HLTV Rating: 1.15 Impact Rating: 1.09 Kill/Assist/Survived/Traded: 72.5% Average Damage Round:78.4 Kills Per Round:0.74
Player to Watch
Considering his return to form, we’re going with rain as the player to watch on FaZe for this match.
ESL Pro League Season 17 Playoffs: forZe vs FaZe Clan Predictions
The Russian side is a great up and coming team, but FaZe are looking way above their pay grade. We call a 2-0 for the superteam.
Maps
The first two maps should be a basic mix of Mirage and Inferno, while the third will likely be Ancient.
Score
Map 1: FaZe to win with forZe <12.
Map 2: FaZe to win with forZe <10.
Top Fragger
Once again, we’ll go with rain for this one given the Norwegian’s tendency to pop off.
ESL Pro League Season 17 Playoffs: forZe vs FaZe Clan Match Links
ESL’sTwitchandYouTubechannels are both slated to cover the match, with the broadcast set to begin at 10:30 ET/09:30 CST/07:30 PT.
Remember to check out our extensive collection of CSGO content.
In a recent Letters Page, it was debated whether Sony was the best publisher of 2022, and a reader expressed a hope for Sonic Master System games to receive more recognition.
To participate in the discussions, email gamecentral@metro.co.uk.
Today marks the release of the Resident Evil 4 remake, and I am taking the day off to play it. To me, the original is the best game ever made. Although the remake has undergone significant changes, I haven’t heard anything truly negative about it that would deter me from playing it. The graphics, atmosphere, humour, and controls seem to be exceptional. I also think the anime parodies that Capcom has released are outstanding, better than any live-action movies or TV shows.
Based on what I have gathered, the additions and changes made to the game have enhanced it. I am really looking forward to playing it, and I hope it will be the best game of the year. Capcom is on a roll right now, and I applaud them for it.
Garbage in, garbage out. Metacritic’s charts for 2022 are interesting, but while the methodology seems to make sense in theory, in practice, the results are nonsensical. Sony had a weak year, with God of War Ragnarök being the only standout, and Horizon Forbidden West not far behind. But the other high-ranking companies fared even worse. I do not even know who Paradox and Activision Blizzard are, yet they came third on Metacritic’s charts. Even Metacritic noted that they did not have any superb games, only a slew of good ones. 2022 was not Nintendo’s best year, but it is absurd that the firm did not make it into the top 10, and was beaten out by a weird, unheard-of indie company.
I highly recommend Tchia, which I finished last night. It reminded me of the PlayStation 2 era, when games felt like they were made by passionate developers unrestrained by corporate honchos. Although it has some rough edges, it is still delightful from start to finish. The inclusion of the local New Caledonian dialect (plus French) and dedication to the country were definite pluses. It was quite refreshing to play something free of corporate gimmicks and set in a foreign country that lacked American accents.
Email your feedback to: gamecentral@metro.co.uk.
I would like to address the issue mentioned in RE: Sonic Origins Plus Revelation. It appears that the games are referred to as Game Gear games rather than Master System games. This is because of the U.S. market, where the Master System seldom appeared. Sonic 1, according to my knowledge, was originally issued in Ancient’s unique format.
These games were undoubtedly superior on the Master System than on the Game Gear due to the screen’s small size. Therefore, I hope they give us that advantage, in addition to a proper widescreen presentation of Sonic and Co. in these reissues.
Finally, we now know that Amy, Tails, and Knuckles possess almost identical speeds. What distinguishes Sonic? Owen Pile (NongWen – PSN ID)
GC: They are indeed Game Gear games. The included versions are those, and most of the bundled games were never issued on the Master System. However, we did express regret in the article that the Master System versions were not included as well.
I experimented with the Luna application on my Firestick and was quite impressed. As an Amazon Prime member, I received four free games. Mega Man X and a game called The Wind Waker,
The virtual reality in gaming market is expected to grow significantly at a CAGR of 31% during the forecast period due to technological advancements worldwide. The quality of 3D multimedia graphics has improved, resulting in more engaging and interactive graphics that improve user engagement. Additionally, the demand for efficient processors for new entertainment sources is estimated to lead to market growth. The usage of VR for desktop games, smartphones, and game consoles in various types of games, as well as companies engaging in R&D activities, are among the other factors driving market growth. As of March 2020, 29% of the 169 million gamers owned a VR to play games. The market is expected to see substantial growth in the forecast period as the number of users will increase if the price goes down. Furthermore, major players in the industry, such as HTC Corp., released new VR headsets to increase market growth.
Companies such as Advanced Micro Devices (AMD), Inc. are also contributing to the growth of this market through the development of new products, such as the Radeon RX 5300 graphics processing unit (“GPU”). The graphics card supports AAA, eSports, and VR games, providing the speed needed for desktop graphics solutions. The market coverage includes North America, Europe, Asia-Pacific, and the rest of the world. The report also includes a competitive landscape analysis highlighting key players such as Google VR, Nintendo Co., Ltd., Oculus (Facebook Technologies, LLC.), Sony Interactive Entertainment LLC, NVIDIA Corp., Microsoft Inc., HTC Corp., and Advanced Micro Devices, Inc., among others.
The report addresses key questions such as the growth rate, market segment dominance, fastest-growing region, and the impact of COVID-19 on the market. It also covers the major affected region and segment, identifies market leaders, discusses challenges facing players in sustaining growth, and includes investment opportunities. The report is segmented into device type such as game console, desktop, and smartphones, as well as game type such as racing games, adventure games, fighting games, shooting games and more.
The report concludes with an overview of the company profiles of the major market players, including Advanced Micro Devices, Inc., Arctic Sun VR, VRbHaptics, Inc., Cloudhead Games Ltd., Firsthand Technology Inc., GoogleLLC, HTC Corp., Microsoft, Inc., nDreams Ltd., Niantic, Inc., Nintendo Co., Ltd., and NVIDIA Corp. Orion Market Research is known for its sharp and concise reports and offers quality syndicated research reports, custom research reports, consulting, and other research-based services.
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The second chapter of The Walking Dead: Saints & Sinners, titled Retribution, is now out on PlayStation VR2 and PC VR.
This chapter launched last December for Quest 2, but it experienced serious bugs and glitches that drastically impacted gameplay. However, Skydance Interactive patched the game two weeks later, fixing major bugs. In our review, we noticed that the most significant bugs had been resolved, but smaller issues remained.
The game is now available on PC VR and PSVR 2, and players can transfer their save data from Chapter 1 on Meta, PC, and PlayStation platforms to a copy of Chapter 2 on those same platforms. (Pico support for this feature is coming soon.) Skydance also released a day one patch that includes improvements to ambient lighting, NPC animations, and balanced armored enemies.
Skydance revealed that Retribution introduces platform-specific visual updates on PSVR 2. Exact details were not provided, but you can see some images in the PSVR 2 and PC VR trailer embedded above. Although the Quest 2 version looks decent, there is plenty of room for improvement. We hope the power of the PS5 will allow Skydance to increase the game’s graphical fidelity on PSVR 2.
The PS5 version of Saints & Sinners – Chapter 1 is also available on PSVR 2, bringing the critically acclaimed game to Sony’s latest headset. If you own the Tourist Edition of the previous game on PS4, you will receive the PS5 version for free. If you have the standard edition on PS4, you can upgrade for $10. For those new to the franchise, Chapter 1 and Chapter 2 are available in a bundle for PSVR 2.
We are excited to see how Chapter 2 performs on PSVR 2, hoping that it fares better than the Quest version last December. Read our full review of Saints & Sinners Chapter 2 for Quest for more information.
Destiny 2 players have discovered a bug with an exotic hunter armor that allows a specific ability to one-shot enemies within the Crucible, making hunters overpowered in PvP. Although bugs and glitches are nothing new for Destiny 2, players have been facing numerous issues after the release of Lightfall. Most of the bugs discovered during the early stages of the expansion have been fixed, but many more seem to appear every day, causing worries among players about the future of the game.
GAMERANT VIDEO OF THE DAY
Lightfall has been surrounded by controversy since its release, with the community discussing its awkward narrative directions and crowded Strand introductions. As players began to interact with the updated sandbox, various game-breaking bugs were discovered, and the PvP landscape has not been exempt. Destiny 2 players started abusing an interaction between the Dynamo and Reaper Armor mods to generate orbs of power. Bungie disabled these misbehaving mods until fixing the issue.
RELATED: Destiny 2 Guardian Games 2023 Leaked Armor Sets and Weapons
Popular Destiny 2 YouTuber Hynra posted a video demonstrating how the Khepri’s Sting exotic arms can be used to shoot another player with the Void Hunters’ Smoke Bomb ability, killing them with only one shot. The video shows the player using Khepri’s Sting-powered smoke bomb to kill another player standing inside a Ward of Dawn while using a Glaive shield for additional defensive capabilities. The player points out that the lethality of this ability is related to the enemy’s frame rate, causing many other issues in Destiny 2.
The video illustrates how the exotic is causing other aspects of the smoke bomb to malfunction as well. Khepri’s Sting was reworked for Lightfall, allowing Smoke Bomb to grant True Sight only when damaging enemies and not as a proximity-based trap. However, Hynra’s video demonstrates how players can hit teammates or even manually fire the Shadow Bomb with a teammate standing next to it to activate Truesight. The resulting bug is unfair for hunters using this Exotic, which is likely to share the same fate as other buggy Destiny 2 Exotic armors.
Trials of Osiris has introduced one of the most powerful weapons in the current Destiny 2 sandbox, and the Crucible has been enjoying a wave of positivity. However, with a new mid-season update slated for additional changes, players can expect Bungie to fix these bugs, ensuring a smooth experience.
Destiny 2 is available for PC, PS4, PS5, Xbox One, and Xbox Series X/S.
More: Destiny 2’s Lightfall Could Have Made Better Use Of A Supporting Character Stuck In Older Content
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The PSVR 2 could soon warn of physical objects in the VR gaming environment with a dynamic audio system and voice profiles of real people.
A new patent from Sony shows that the PSVR 2‘s guardian system could soon be improved. The VR headset could give a voice alert when people or animals in the physical space invade the VR gaming environment. The dynamic 3D audio system is said to be able to acoustically locate the direction, distance, and size of moving obstacles.
Audio signal determines location of obstacles
In two patents published on 16 March 2023, Sony describes two guardian systems designed to detect moving objects and alert VR users. Rather than visually superimposing people or pets into the field of view, as Meta Quest 2‘s guardian system does, Sony is likely to rely on audio and graphics solutions.
A dynamic, audio-based system will alert users with a sound or voice when someone or something intrudes into the VR headsets’ predefined game environment.
The system should be able to communicate the current position of the approaching object in space through a 3D audio signal. For example, you can hear which direction a cat or a child is coming from. The signal should get louder or more intense as the object gets closer.
In addition, visual warning signals, such as color changes in the virtual environment, should indicate a possible collision. If a collision is imminent, the headset will pause the application or display a pop-up warning.
PSVR 2 warns you with your own voice
Sony also talks about playing different 3D audio for different objects. Depending on the size of the object, the volume, and frequency of the sound could also change.
Computer-generated voices, or the voice of a character from the VR game you are playing, could also be used as a warning instead of a beep.
It is even possible to use previously created voice profiles of users or family members. As an example, Sony mentions the message “Your son is behind you” to alert a VR user that their child is approaching from behind. Imagine that in the sound of your partner’s voice.
Vibrating visual warning system
Another patent focuses instead on a visual warning, such as a bubble with text or another graphic object without text. The idea is to use eye-tracking to measure whether players see the warning.
If ignored, the warning would be reinforced by a dynamic audio signal or vibration. According to Sony, it is also possible to increase the size of the warning icon or slow down the VR environment.
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All information about Sony’s VR headset can be found in our Playstation VR 2 review. The PSVR 2 is currently only available from the Playstation Store. You will also need a Playstation 5.
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Sources: Patent No. 17472548, Patent No. 17476471
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Meta has introduced a new feature called “Missions” in the V102 update for Horizon Worlds, the company’s metaverse social VR platform. This feature allows users who complete various objectives or “missions” on certain worlds to unlock exclusive rewards for their Meta Avatar, such as the Sea Captain Outfit. One of the missions is to score a hole in one at Giant Mini Paddle Golf, a virtual mini golf course set on a tropical island with a giant crab and Kraken. The feature is currently being tested by a select group of users and will be rolled out to more users in the coming weeks.
Credit: Goal
In addition to this new feature, the V102 update also includes bug fixes that address avatar thumbnails, builder mode, selection boxes, and other issues.
Publisher CI Games and developer Hexworks have unveiled a new technical reveal trailer for the upcoming action RPG Lords of The Fallen. The recently released trailer showcases the game’s intricate character customization options, allowing players to create a unique personality by combining 3D scans of real people with UE5’s own technology. The game is set to release sometime in 2023 for PlayStation 5, Xbox Series X/S, and PC via Steam.
During Epic Games’ recent “State of Unreal” presentation at Game Developers Conference 2023, Hexworks demonstrated some impressive ways that Unreal Engine 5’s cutting-edge technologies have helped deliver its ambitious vision of the upcoming dark fantasy action RPG. Hexworks took players on a journey to Skyrest Bridge, one of the game’s earliest locations, to demonstrate the game’s amazing mechanics of traveling between two worlds. According to the demo, the team managed to illuminate the complex environments in Lords of the Fallen in real time with Unreal’s Lumen GI, thanks to the set of custom tools created within UE5.
The game also boasts a vast, interconnected world, more than five times the size of the original game, with an expansive RPG experience featuring a huge roster of NPCs and stories to discover. In addition, Lords of the Fallen offers tactical combat with a fast, fluid, and challenging combat system, devastating magic with a wide range of offensive and defensive spells to master, seamless online multiplayer, as well as full character customization and progression options.
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March 22, 2023 – Rokid, a Chinese augmented reality (AR) company, has announced its next-generation AR glasses with the launch of ‘Rokid Max,’ which offer a theater-style viewing experience that is equivalent to a 215-inch large screen viewed from 6 meters away, according to the company.
Weighing just 75g, the compact glasses offer an optimal viewing experience that allow the wearer to enjoy a big-screen experience from the comfort of their own home, on the go, in the office, or just about anywhere. Additionally, users can play their favorite video games whilst wearing the glasses to add to the immersion.
Rokid Max builds on the success of Rokid Air AR glasses, but goes beyond being just an upgrade, according to the company. Hui Du, Head of Rokid’s Hardware Design Center, said: “These incredible AR glasses allow commuters to make the most of their time – to enjoy a large screen for watching movies, playing games, browsing, or getting work done, without carrying bulky and expensive computers, hosts, and displays.”
Cinema-grade MAX screen
The 215-inch borderless screen on the Rokid Max is 50% larger than its Rokid Air predecessor and supports a 120Hz refresh rate, according to Rokid. This allows users to immerse themselves in the viewing experience, whilst also being easy on the eyes. Additionally, Rokid Max boasts a field of view (FoV) of around 50 degrees to provide users with a comfortably centered view, whether they are sitting, standing, lying down, walking, or exercising.
Audiovisual features
Rokid Max uses a Sony Semiconductor Solutions microdisplay for a sharper picture quality, which offers a 1920 x 1080p Micro OLED resolution and 600-nit peak brightness. For audio, Rokid Max delivers high-resolution sound that the company states is “on par with major acoustic manufacturers.”
Additionally, the glasses reduce forward light leakage by 90%, enabling Rokid Max to offer users an immersive audiovisual journey in privacy and peace. Rokid also pointed out that the glasses support HDCP (High-bandwidth Digital Content Protection), which the company stated allows users to watch a wide range of movies and TV shows worldwide, including various streaming services, subverting the idea that Chinese AR glasses have limited access to digital copyrights.
Myopia-friendly for vision correction needs
Rokid Max’s equipped with seamless myopia adjustment from 0.00 to -6.00 degrees; a single pair can accommodate varying eyesight needs. Rokid added that as a go-to device, Max has been certified by TÜV Rheinland and passed the Low Blue Light, Flicker Free, and Eye Comfort tests.
Compatibility solutions for the near future
Rokid noted that it is committed to meeting the needs of a diverse user community. At present, making AR glasses compatible with a wide range of different cell phones poses a challenge to the smart glasses industry, according to Rokid. To help address this issue of phone compatibility, last year, the company announced Rokid Station, a portable terminal computing unit for use with its AR smart glasses devices. In its latest Max announcement, Rokid added that Station will be coming to overseas markets soon.
Pre-orders and prices for Rokid Max
Pre-orders for the Rokid Max AR glasses are available now starting at USD $439. Shipping will begin at the end of April 2023. To find out more about Rokid and its augmented reality entertainment solutions, please visit the company’swebsite.
Image credit: Rokid
Sam Sprigg
Sam is the Founder and Managing Editor of Auganix. With a background in research and report writing, he has been covering XR industry news for the past five years.
Fans of puzzles who want to add a new experience to their daily solving affairs may wish to consider testing Wordle. Thanks to Wordle, players get a daily five-letter puzzle that they need to solve in six (6) tries. Coupled with the fact that each Wordle only lasts for 24 hours means players cannot waste all of their chances or else they would be locked out of the mystery code until a new one appears the next day.
Moreover, as with the word for March 22, 2023, some players may find some of these mystery words tricky to decipher considering things such as language barriers and frequency of word usage. Thankfully, clues like the term’s definition may help ease the challenge.
GAMERANT VIDEO OF THE DAY
RELATED: Every Wordle Solution for March 2023
What It Means
It’s usually learning the definition of a word in a puzzle like Wordle that gives answers away, especially once players understand how they are used and how they fit within the context of the word in question. For instance, the March 22 word pertains to a soft quilt that is filled with fiber, feathers, or down. This is used for comfort like sleeping instead of blankets and upper sheets, especially in the context of bed covering.
Technical Clues
Another useful clue players can use when solving the March 22 Wordle puzzle is technical clues associated with the term. Aside from giving players a hint as to how the word fits the context of the English language, these can help them identify what potential guesses may not work due to them not fitting the aforementioned clues. For instance, the technical components of this puzzle include:
The word has two (2) syllables The word is a noun The word is primarily used in the context of British conversations
Suggestions For Starting Words
When it comes to solving these tricky puzzles, knowing a few starting Wordle terms serves as a straightforward option for players. These words give hints such as letters and letter positions that people can rearrange in order to get more useful clues. Today’s starters may include:
5-Letter Words Starting With DU
One final clue players can rely on when solving these kinds of word challenges would be terms similar to the puzzle solution. These hints give useful information such as correct letters and positions without giving away the answer to the problem. For instance, today’s word starts with DU-, of which 80 five-letter words fit this format. Here are some words that fit this format, including the answer to the puzzle:
A new virtual reality (VR) training program is helping first responders to prepare for mass casualty events and replicate the chaos they may encounter.
In recent years, mass casualty incidents have become increasingly common, with the FBI reporting a 100% increase in active shooter incidents since 2017. First responders need to be trained to act fast, and until recently, this training involved a significant amount of resources, space, and time. However, thanks to a new VR training program, trainees can experience real-life scenarios and be better prepared in case of a disaster.
Paramedic Joshua Cooper is one of the trainees who uses the VR program. He believes that the training provides him with a realistic view of coping with mass casualty events. “It’s just not something we see every day, but when you find yourself in that situation, you want to be prepared for it,” Cooper said.
The new VR program allows first responders to experience realistic scenarios that can be customized with varying numbers of victims, injuries, and real-world distractions. The program uses artificial intelligence that simulates patient responses based on their condition, providing an immersive experience for trainees. The controllers vibrate at different rates based on patients’ statuses, such as their heart rate, to create a more realistic simulation.
Once the training is complete, the system provides immediate feedback to the trainees. The VR training program is already in use by several fire and EMS departments in the United States, and medical experts and developers hope to continue improving the system to better handle active gunshot drills and stop bleeding incidents in places like schools and churches.
Pupuya Games Little Witch Nobeta brings a breath of fresh air to the Souls-lite genre by incorporating projectile combat. This game has a healthy dose of anime inspiration and a difficulty curve that ensures that everyone can complete the journey.
The player steps into the shoes of Nobeta and guides her through an ancient castle to search for the Throne. This tiny witch does not know who she is or where she comes from, but she hopes to find answers by locating the Throne. She is equipped with a staff, spells, and a familiar black cat to help her conquer the depths of the castle, which are filled with deadly forces and dungeons.
Little Witch Nobeta follows a structure similar to Souls. You can rest and teleport using Goddess statues, while the enemies you have killed will respawn. You can improve Nobeta’s stats by collecting Essence from the enemies you have killed. The game’s lore items drop from enemies or barrels. Little Witch Nobeta’s stats are straightforward, and the levels are not too big, making navigation easier. The game also offers shortcuts, and players can find more shortcuts by exploring different levels. However, the uniformity of the masonry and the lack of variety in enemy types can be repetitive and confusing.
The combat mechanics are excellent, and the game offers a faster-paced third-person shooter experience. Nobeta’s staff can be used as a melee weapon, and dodge rolls and air dodges are the defensive abilities available to players. Attacks rely on spells, with each spell corresponding to a weapon type. For instance, Ice is equivalent to a low-damage minigun, while its secondary attack is a mecha-like assault of ice missiles. Players can find the four spells in the castle as they progress through the game, and exploring is necessary to discover spell upgrades.
The ranged combat is the way to go, and it can be immensely satisfying. Magic is very powerful, but players still need good dodging skills. The boss fights are enjoyable and require pattern recognition, while standard enemies require players to recognize their attack patterns correctly. Little Witch Nobeta is relatively easy, which is great for players looking for an accessible game, but this could disappoint players seeking a challenging experience. The game’s visuals are stunning, with fantastic architectural renderings and cel-shaded anime aesthetics that are pleasing to the eye. The game runs smoothly on Switch hardware.
Little Witch Nobeta is a fun and charming experience that breathes new life into a genre that’s starting to get a bit stale. It is a great Souls-like game suitable for all ages. Anyone of any skill level has a chance to win the campaign, and the replayability offers an incentive to play multiple times.
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Polyarc, the developer behind the popular Moss series, has announced a registration for the upcoming multiplayer VR game they’re developing. The game will be launched later this year and is said to be a significant addition to the competitive VR gaming scene. The company says that they noticed a rising interest in competitive multiplayer gaming for VR headsets. As the number of VR gamers grows, Polyarc is looking to create new competitive titles that appeal to this growing community.
Credit: Polyarc
The CEO of Polyarc, Tam Armstrong, stated that they are excited about this opportunity and that virtual reality offers exciting opportunities for multiplayer gaming. The ability to read the other player’s focus and intent while moving your head and hands are some of the elements that make in-person gaming so attractive. Polyarc is eager to share what they have been working on and the fun they’ve had playing it.
Polyarc is known for their acclaimed VR game, Moss, which has a huge fan base. Due to its wonderfully immersive storytelling, art, and gameplay, Moss received over a hundred nominations and awards from various gaming organizations. The sequel, Moss: Book 2, was named Best VR/AR Game at the Game Awards, proving the title isn’t a one-hit wonder.
Polyarc wants to create fantastic games that everyone can enjoy, whether they’re a VR veteran or a VR newbie. The VR audience has been growing, with tens of millions of gamers joining and more user-friendly and affordable headsets being released each year. Polyarc aims to reach more audiences within VR and even create a space for new people to join them there.
Those who are interested in participating in the upcoming game test can sign up for the next playtest scheduled to take place from April 14 to 16. While the company plans to bring the game to multiple platforms, you will need a Meta Quest headset to participate in the upcoming game test. Follow Polyarc on Twitter, Facebook, YouTube, and Instagram or visit their website to stay up-to-date with the latest news.
HTC just announced a smaller Vive Tracker that doesn’t need base stations, and up to five can be used at once with a USB-C dongle.
HTC hasn’t named its self-tracking tracker yet, but it did provide several details about this new solution. OpenXR is supported for expanded compatibility with more devices.
HTC continues its dedication to modular designs, adding another option to its three generations of Vive Trackers, Facial Tracker, and Wrist Tracker. A video accompanying the announcement notes that the new self-tracking tracker is not meant to replace the Vive Tracker 3.0.
What is HTC’s Vive Self-tracking tracker?
VR headsets recognize when your head and hands move, either using external base stations or internal cameras to monitor the position of the VR headset and controllers.
What about your body, legs, and other objects? That’s what Vive or Tundra Trackers handle, and each solution requires SteamVR base stations. PC VR users will be more familiar with this than Quest 2 or Pico 4 VR headset owners, since these standalone headsets use inside-out tracking.
HTC’s self-tracking tracker offers a wireless inside-out solution for body tracking. This aligns with the tracking systems of the Vive XR Elite headset and Focus 3, which don’t need base stations either.
Up to five Vive self-tracking trackers can be wirelessly connected to your VR headset via a USB-C dongle. The new tracker is also smaller and lighter than the Vive Tracker 3.0, weighing just 100g, potentially making it more comfortable for long sessions in VR when worn as body trackers. The same pogo pins and mounting system is available, along with a new quick-release mechanism.
HTC’s self-tracking tracker is coming in the third quarter of 2023. It will, of course, work with the new HTC Vive XR Elite and Vive Focus 3. For HTC’s Vive Pro and Cosmos Elite models, SteamVR lighthouse tracking is still recommended.
Since this new system is compatible with OpenXR, it should work with several non-Vive VR headsets and possibly AR glasses. HTC also teased that more information would be announced in the coming months, including details about support for standalone VR headsets. It’s unclear whether the Quest 2 and Pico 4 headsets will be compatible, although both support OpenXR.
HTC’s new tracking solution sounds somewhat similar to Sony’s Mocopi trackers, SlimeVR, and others. HTC describes the new system as being the same technology used in the Vive XR Elite and Vive Focus 3, so it might offer greater accuracy than competing inside-out trackers. We can’t say for sure until we get to experience the quality.
More details will emerge in the next few months, so check back for more complete information and specifications in the future.
Note: Links to online stores in articles can be so-called affiliate links. If you buy through this link, MIXED receives a commission from the provider. For you the price does not change.
PC VR gaming is giving gamers an experience like no other. It’s more than just playing a game; it’s about being transported to a digital world that feels more real than ever before. But what’s even more impressive is that PC VR gaming is breaking down barriers by bringing players together and creating new connections that were previously impossible. Here are some of the ways PC VR gaming is changing the game.
1. The Power of Presence
PC VR gaming’s ability to create a sense of presence helps gamers connect with players from around the world. Wearing a VR headset creates a feeling of actually being in the game, which makes it easier to bond with fellow gamers virtually. Communicating through VR is more natural and organic, letting players use facial expressions, body language, and hand gestures as part of the conversation.
2. Accessibility for All
VR makes gaming open to everyone, regardless of age or physical ability. The increased accessibility ensures that anyone can play and enjoy VR games, creating new opportunities for gamers who may have struggled with traditional forms of gaming. For example, gamers with mobility restrictions can now walk, run, and jump with ease in their virtual worlds.
3. Social Connections
With PC VR gaming, gamers can develop social connections that were previously impossible. VR allows players from all over the world to play together and join communities based on shared interests. This creates a sense of belonging and friendship that can be difficult to find elsewhere.
VR also bridges the gap between friends and family members who are miles apart. It’s now possible to spend time together in virtual worlds, whether you’re watching a movie, playing a game, or just hanging out. This helps to connect people who may have lost touch otherwise.
4. A New Level of Immersion
Traditional gaming on a screen could never provide the same level of immersion that VR gaming offers. VR creates an entirely new world that gamifies the virtual reality experience. Once transported to a new world, gamers can play games with greater intensity, explore new worlds, solve puzzles, and battle enemies in ways they couldn’t before.
5. Collaboration and Group Play
VR gaming’s collaborative nature is another aspect that is changing gaming. Gamers can work together as a team, building massive structures or solving puzzles while communicating effectively with each other in real-time. The level of immersion makes it feel like everyone is working towards the same goal, and team play is now more engaging and rewarding than ever before.
Conclusion
PC VR gaming is doing much more than revolutionizing gaming; it’s changing how gamers connect with each other. It creates a level of presence, immersion, and accessibility that was previously impossible. Gamers can now form social connections with people from around the world and work together in ways not possible before. With the increasing advancements in technology, PC VR gaming continues to push boundaries and provide new opportunities for gamers.
HTC has released a teaser for its new Vive Tracker, which now features auto-tracking and does not require the use of base stations.
The Vive Tracker is popularly used in custom VR software to keep track of objects in the real world, and by VRChat users to track various body parts such as the torso, legs, feet, and so on.
The Vive Tracker 3.0 released in 2021 is available for $130, but it requires SteamVR Tracking base stations which are priced at $135 each.
The new “Self-Tracking Tracker” is scheduled to be released in the third quarter of this year. It features two wide-field-of-view cameras and an onboard processor for positional tracking from the inside out, similar to a Quest Pro controller albeit without any buttons, triggers, haptics or sticks. This means there is no need for base stations or to be in view of the headset’s cameras.
The tracker will connect to a specific USB-C dongle that is capable of supporting up to five trackers concurrently. It is built to support the OpenXR standard, thus not requiring an HTC headset.
According to HTC, the Self-Tracking Tracker is less than 100 grams in weight and approximately 50% smaller than the Vive Tracker 3.0. However, it is not intended to replace the Vive Tracker 3.0, but sold simultaneously with it. Inside-out tracking based on cameras typically struggles in plain rooms lacking high-contrast features or in low-light conditions, while base stations function well in nearly all environments.
Mounting with 1/4″ threaded screw, which is the same mount used for cameras and speakers, is supported by the new Vive Tracker, as with previous models. It also has a new clip-on mount that sticks magnetically, and HTC intends to release CAD files, enabling users to 3D-print their own mounts.
HTC says that the Self-Tracking Tracker remains in the developmental phase and hasn’t released information on pricing just yet.
Bayonetta Origins: Cereza and the Misplaced Demon is like the opposite video games within the franchise that has a ability tree. There are two ability bushes within the sport. Cereza can improve her character through Onyx Roses, whereas Cheshire might be upgraded with Avalon Drops. It is essential to not improve Cereza and Cheshire equally with out correct technique.
Upgrading the unsuitable ability early might be devastating in any of the Bayonetta video games, not to mention this new spinoff. So, as a useful set of suggestions in Bayonetta Origins: Cereza and the Misplaced Demon, these are the most effective ones to unlock first.
RELATED: Bayonetta Origins: Cereza and the Misplaced Demon – How Lengthy to Beat
Demon Dodge And Dodge Roll
Cereza and Cheshire have their very own dodge ability to unlock in Bayonetta Origins: Cereza and the Misplaced Demon. Cereza has the Dodge Roll, which is just like another dodge roll in an motion sport. Cheshire has the Demon Dodge, which makes Cheshire transfer out of the best way of assaults.
Cheshire additionally has a countering ability that may deflect assaults, however this improve is likely one of the few compelled ones within the sport. As the first fighter in Bayonetta Origins, it’s nice that Cheshire has extra methods to defend than one.
The worldwide financial system is in a stoop and everybody’s feeling the pinch. However that doesn’t imply you need to spend all of your time caught indoors, bored out of your thoughts. Because of the web, there are many on-line video games that you may play without cost or at a low value that may maintain you entertained for hours on finish.
From basic board video games like chess and checkers to extra trendy fare corresponding to role-playing video games, first-person shooters, and digital actuality simulations, listed below are 10 of the perfect on-line video games to assist make this recession only a bit extra bearable!
1) Chess
The basic sport of psychological technique and ability remains to be a well-liked favourite amongst avid gamers. With many on-line platforms providing free or low-cost play, chess is a good way to get away from the monotony of on a regular basis life and problem your self towards different gamers from world wide. Additionally, it’s a good way to sharpen your strategic and tactical abilities.
Why?
Not solely is it free to play, nevertheless it additionally supplies an excellent alternative to sharpen your vital considering abilities in a enjoyable and interactive method.
2) Scrabble
Scrabble is a phrase sport which may appear easy, nevertheless it’s really fairly difficult. With a big dictionary to attract from, you may create complicated phrase puzzles and rating massive factors by forming four-letter phrases, and lengthy phrases, and connecting letters that spell out complete phrases. Scrabble additionally supplies the proper alternative to point out off your spelling prowess.
Why?
Not solely is it a good way to move the time, however it’s also possible to use it to increase your vocabulary and sharpen your spelling abilities.
3) Jackpot Social gathering
Jackpot Social gathering Social On line casino brings the Las Vegas expertise proper to your fingertips! With an enormous 45 million cash for brand new gamers and a whole bunch of free slots, you’ll have the ability to maintain enjoying and profitable with ease. Plus, this app gives tons of bonuses, mini-games, progressive jackpots and distinctive video games like Vegas Money , Cleopatra’s Fortune & On line casino Royale that may make any participant’s heartbeat quicker.
Why?
When you’re searching for an immersive expertise stuffed with possibilities to win massive -Jackpot Social gathering is ideal for you.
4) Age of Empires
This award-winning real-time technique sport has been fascinating avid gamers since 1997. Age of Empires brings collectively historical past, exploration, diplomacy, and competitors to create an expertise like no different. The principle problem is to advance your civilization by means of 5 dynamic eras, from the Stone Age to the Iron Age. It’s not only a sport of conquest, but additionally a journey of discovery.
Why?
Not solely is it an extremely immersive and difficult sport, nevertheless it’s additionally a good way to study extra about historical past, completely different civilizations, and the artwork of battle.
5) On-line Monopoly
The basic real-estate buying and selling sport has been spruced up for the digital age. With quite a lot of completely different boards, tokens, and different particular options, now you can get pleasure from a extra trendy model of the board sport basic. On-line Monopoly additionally permits as much as 6 gamers without delay, making it the proper approach to keep related with family and friends whereas having a little bit of enjoyable.
Why?
It’s the basic sport you understand and loves – solely with a contemporary twist. Plus, it’s the proper approach to keep related with family and friends whereas enjoying collectively remotely.
6) Amongst Us
This sport has taken the world by storm with its easy however fascinating premise. In Amongst Us, you might be an astronaut on a mission to restore your spaceship, full duties, and survive the sabotages of The Imposter – a wolf in sheep’s clothes. Working frantically to establish the Imposter and full duties, you could race towards time whereas navigating quite a lot of mini-games.
Why?
It’s an extremely addictive sport with a singular mix of puzzles, mini-games and social deduction. Excellent for each solo and group play, you’ll be hooked very quickly.
7) Genshin Affect
Genshin Affect is an motion role-playing sport set on the earth of Teyvat. Because the protagonist, you’ll discover a phenomenal world stuffed with monsters and magic, all whereas participating in intense battles with enemies. With a powerful character customization system, in addition to quite a lot of weapons and talents to select from, you’ll have the ability to create your personal distinctive journey.
Why?
Not solely is it an extremely immersive and exquisite sport, nevertheless it additionally gives an enormous quantity of customizability. With loads of weapons to select from and quite a lot of missions, you’ll you’ll want to keep entertained for hours on finish.
8) Minecraft
Minecraft is a sandbox online game that permits gamers to discover, construct, and journey in an open world. With no particular objectives to perform, the sport supplies gamers with the liberty to do what they need. Create your personal world, construct no matter you may think about, or discover the expansive world of Minecraft – it’s as much as you.
Why?
It supplies a singular, immersive expertise that permits gamers to create no matter they will think about. Gamers have the liberty to discover, construct, and journey nevertheless they need – the chances are limitless. Plus, it’s a good way to remain related with family and friends as you discover the world of Minecraft collectively.
9) Stardew Valley
This fashionable farming simulation sport is an ideal mix of cozy and journey. Gamers tackle the position of a farmer, tending to their land and animals whereas exploring the close by city of Stardew Valley. Along with farming, gamers also can mine for ore, catch fish, discover caves, and defeat monsters.
Why?
It supplies the proper mixture of cozy, slow-paced farming and journey. With loads of actions to maintain you busy in addition to an immersive city to discover, you’re certain to remain engaged for hours. Plus, the charming artwork model will make you are feeling proper at house on the earth of Stardew Valley.
Closing Phrases
There are many thrilling video games on the market that may maintain you entertained for hours. Whether or not you’re into technique, journey, or one thing a bit extra informal, there’s certain to be one thing on the market for you. So go forward and discover the world of gaming – you by no means know what you’ll discover!
Sam Bankman-Fried petitions court docket to prioritize reimbursing his authorized charges
Sam Bankman-Fried (SBF) is in search of to make use of FTX’s company insurance coverage insurance policies to cowl his authorized bills, based on a court docket submitting on March 15. As per the submitting, the insurance policies present “precedence of fee” to insured people comparable to Bankman-Fried. The transfer would put the previous CEO on high of the FTX payout listing. One other headline reveals that Bankman-Fried’s inside circle obtained $3.2 billion in funds and loans from FTX-linked entities. The quantities exclude over $240 million used for the purchases of luxurious properties within the Bahamas, political and charity donations, in addition to “substantial transfers” to non-FTX subsidiaries. In one other headline, FTX debtors reported $11.6 billion in claims and $4.8 billion in property, which means there’s a $6.8 billion gap within the trade’s steadiness sheet.
Signature Financial institution closed by New York regulators for not offering information
Crypto-friendly Signature Financial institution was formally closed down and brought over by the New York Division of Monetary Companies on March 12 for “failing to supply constant and dependable information.” The financial institution has been investigated by two United States authorities our bodies over whether or not it took ample measures to observe and detect potential cash laundering by its purchasers. Former member of the U.S. Home of Representatives Barney Frank instructed that New York regulators closed Signature as a part of a seeming present of drive in opposition to the crypto market.
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USDC bounces again towards $1 peg after Fed announcement
Circle’s stablecoin, USD Coin (USDC), climbed again to its $1 peg following constructive developments regarding Circle’s $3.3 billion price of reserves held at Silicon Valley Financial institution and its new banking companions: redemptions of USDC will now be processed by Cross River Financial institution and BNY Mellon. The stablecoin depegged from the U.S. greenback on March 10 following SVB’s sudden collapse, triggering the depeg of many different stablecoins. The stablecoins’ depegging prompted a development in mortgage repayments over the weekend, permitting debtors to avoid wasting greater than $100 million on loans.
US Fed broadcasts $25B in funding to backstop banks
United States federal regulators introduced “decisive actions” that might “totally defend depositors” at each Silicon Valley Financial institution and the now-shuttered Signature Financial institution, together with $25 billion price of funding geared toward backstopping banks and different depository companies. The Federal Reserve is investigating the failure of Silicon Valley Financial institution — together with an inside probe as to how the Fed supervised and controlled the monetary establishment. Amid the sudden collapse, SVB’s U.Okay. arm was acquired by HSBC for 1 British pound ($1.21), with loans of 5.5 billion kilos ($6.7 billion) and deposits of 6.7 billion kilos ($8.1 billion).
Bitcoin market cap flips tech big Meta, widens hole on Visa
Regardless of a turbulent week for crypto following the downfall of Silicon Valley Financial institution and Signature Financial institution, Bitcoin’s market cap has managed to flip that of tech big Meta. On March 14, Bitcoin’s market cap reached $471.86 billion, surpassing Meta’s $469 billion, based on information from Firms Market Cap. The main cryptocurrency climbed to the eleventh spot amongst high property by market cap, sitting behind electrical car maker Tesla. The market capitalization of Bitcoin has added over $190 billion in 2023, outperforming high Wall Avenue financial institution shares, significantly as fears of a worldwide banking disaster are rising.
SBF legal fees, BTC market cap flips Meta,USDC climbs back to $1 29
Winners and Losers
SBF legal fees, BTC market cap flips Meta,USDC climbs back to $1 30
On the finish of the week, Bitcoin (BTC) is at $27,571, Ether (ETH) at $1,823 and XRP at $0.38. The whole market cap is at $1.18 trillion, based on CoinMarketCap.
Among the many largest 100 cryptocurrencies, the highest three altcoin gainers of the week are Conflux (CFX) at 186.02%, Masks Community (MASK) at 120.56% and Stacks (STX) at 102.97%.
The highest three altcoin losers of the week are UNUS SED LEO (LEO) at -2.22%, Tether (USDT) at -0.35% and Binance USD (BUSD) at -0.16%.
For more information on crypto costs, be sure that to learn Cointelegraph’s market evaluation.
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Most Memorable Quotations
“The latest shutdowns of economic establishments could be the alternative for crypto to achieve mass adoption.”
Johnny Lyu, CEO of KuCoin
“We imagine that components of the way forward for finance will probably be blockchain enabled and we’re already witnessing speedy change within the tokenisation market.”
Drew Bradford, government basic supervisor, markets on the Nationwide Australia Financial institution
“Main adoption by mainstream companies and their shoppers is true across the nook due to latest developments in scaling and privateness expertise.”
Mark Smargon, CEO of Fuse Community
“Drop the blockchain/NFT/play-to-earn (P2E)/metaverse/Web3 speak. […] They [players] simply need to have an entertaining taking part in expertise — not a science lesson.”
Peter Bergstrom, former producer of Age of Empires and CEO of BitBlock Ventures
“We’re going to have a credit score crunch within the U.S. and globally. […] You need to be lengthy gold and silver […] and also you need to be lengthy Bitcoin.”
Michael Novogratz, founder and CEO of Galaxy Digital
“I imagine regulators are utilizing crypto as a scapegoat for their very own lapses in oversight of conventional banking.”
Cathie Wooden, CEO of ARK Make investments
Prediction of the Week
Bitcoin value hits $27K in new 9-month excessive as Fed injects $300B
Bitcoin hit new nine-month highs on March 17 as the newest occasions within the U.S. banking disaster boosted crypto markets. Knowledge from Cointelegraph Markets Professional and TradingView confirmed BTC/USD hitting $27,025 on Bitstamp earlier than consolidating. A catalyst for recent upside had come in a single day within the type of the Federal Reserve’s steadiness sheet information, which confirmed nearly $300 billion being injected into the economic system as a part of the banking disaster response.
Cointelegraph contributor Michaël van de Poppe, founder and CEO of buying and selling agency Eight, eyed particular ranges up and down.
“Chopperino land on Bitcoin, which signifies that we’ll most likely have some sideways buildings,” he wrote on Twitter. “Wants to carry $26K. If that holds, $28–30K is subsequent. If it loses $26K, I’m punting round $25K for some longs. Comparatively straightforward to grasp.”
FUD of the Week
SBF legal fees, BTC market cap flips Meta,USDC climbs back to $1 31
Euler Finance hacked for over $195M in a flash mortgage assault
Lending protocol Eurler Finance confronted a flash mortgage assault on March 13. The exploiter carried out a number of transactions, stealing practically $196 million in stablecoins DAI and USDC, in addition to staked Ether and wrapped Bitcoin. The assault was dubbed the biggest hack of 2023 to date. A portion of the stolen funds began to be transferred to crypto mixer Twister Money shortly after a $1 million bounty was launched to establish the hacker. As of March 18, solely a small portion of the funds had been recovered — round 3,000 Ether ($5.4 million).
Europol seizes $46M from crypto mixer after $2.88B allegedly laundered
Legislation enforcement company Europol has seized property of cryptocurrency mixer ChipMixer price $46 million for its alleged involvement in money-laundering actions. ChipMixer’s web site has been shut down and 4 servers internet hosting the applying have been seized. Europol claims that ChipMixer has laundered over 152,000 BTC ($2.88 billion) since its inception in 2017.
FBI, NY authorities probes collapse of TerraUSD stablecoin
The U.S. Justice Division is reportedly investigating the collapse of the TerraClassicUSD (USTC) stablecoin, which contributed to a $40 billion wipeout within the Terra ecosystem final Might. Former workers at Terraform Labs have been interrogated in latest weeks by U.S. companies, together with the FBI. The probe covers comparable floor to a lawsuit filed in opposition to Terraform Labs and its founder Do Kwon by the U.S. Securities and Change Fee in February, together with deceptive buyers.
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SBF legal fees, BTC market cap flips Meta,USDC climbs back to $1 32
4 out of 10 NFT gross sales are faux: Study to identify the indicators of wash buying and selling
NFT wash buying and selling inflates the amount on some platforms by 10x–20x the professional quantity. Why is it inspired, and what could be performed about it?
All rise for the robotic choose: AI and blockchain might remodel the courtroom
Do the builders of authorized bots have enough data and expertise of the legislation? Is the information used to “practice” their algorithms well timed? Will vital proof be filtered out?
Crypto winter can take a toll on hodlers’ psychological well being
The relentless bear market, a string of high-profile prison costs and the autumn of trusted establishments have taken their toll on these actively concerned within the crypto trade.
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