Subscription-based virtual reality platform Terra Virtua launching this September

Subscription-based virtual reality platform Terra Virtua launching this September


Industry veterans team up to create blockchain-powered 'Netflix for VR', cryptocurrency token sale to follow

A new virtual reality marketplace will go live later this year, allowing users to pay a monthly fee for full access to all virtual and augmented reality content.

Terra Virtua is pitched as a 'Netflix for VR' allowing both Oculus and Rift owners to enjoy a growing library of games and other VR experiences, with CEO Gary Bracey telling GamesIndustry.biz there are plans to include mobile and possibly console (i.e. PlayStation VR) in future.

Bracey is just one of several games industry veterans behind the new platform. He is joined by: CTO Kish Hirani, formerly head of developer services at PlayStation; COO Doug Dyer, founder of Warner Bros and THQ's mobile divisions; blockchain advisor Sergiy Khandogin; and former Electronic Arts exec Keith Ramsdale.

Terra Virtua is scheduled to launch in September, along with a developer incubator to help support more studios making VR content. In addition to the monthly subscription, the platform will also be able to offer pay-per-view options for special events.

A mixed reality companion app will launch for mobile devices a month later, with a virtual assistant enabling subscribers to browse the content on the marketplace.

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