Facebook buys ‘Asgard’s Wrath’ VR game developer Sanzaru Games

By Akshay Kedari  Date: 2020-02-27

Facebook buys ‘Asgard’s Wrath’ VR game developer Sanzaru Games
  • The Sanzaru studio will continue to operate its offices in Canada and the U.S
     
  • Facebook has invested over billions of dollars for its VR projects

Social media giant, Facebook, has recently announced that it bought the “Asgard’s Wrath” developer, VR studio Sanzaru Games. Enthusiasts believe it is one of the finest games of Oculus Rift. The studio has declared that it will be operating its offices in Canada and the U.S. with a large chunk of the employees moving abroad after the deal. The terms under the deal have remained undisclosed as of now.

For the record, Bay Area based Sanzaru Games is a thirteen-year-old studio that built about four titles for the Oculus Rift including “Marvel Powers United VR” and “Asgard’s Wrath”. Both of these games have been funded by Oculus Studios. Sanzaru has created several titles of both mobile and console systems by releasing games that have been structured close to their IP with licensed titles for Sonic and Spyro.

According to reliable sources, Facebook has been planning to develop virtual hardware and has been investing in virtual reality software. It recently made an investment in Beat Games, while the acquisition of Sanzaru Games showed the company’s continued interest as it supported the VR games studios as well as kept them in line with the interests, letting these games operate independently.

The ‘Beat Saber’ by Beat Games has been deemed more of a mass-market title and the Asgard’s Wrath by Sanzaru had represented the kind of play that aims to court all the serious gamers by providing them with a longer first-person adventure title.  

Facebook has invested over billions of dollars for its VR projects with the planned quest to develop a set of content ecosystems of hardware that it had released in the previous year, like Oculus Rift S and Oculus Quest. The rate of investments for the hardware is expected to continue its fast growth pace in the future.

 

Source Credit-https://techcrunch.com/2020/02/25/facebook-acquires-the-vr-game-studio-behind-one-of-the-rifts-best-games/

About Author

Akshay Kedari     aeresearch.net

Akshay Kedari

A qualified computer engineering graduate, Akshay Kedari takes pride in having his way with words. Following his passion for content creation, he writes insightful pieces on aeresearch.net and a few other portals. Also endorsed with a short-term experience in web deve...

Read More

More News By Akshay Kedari

Facebook ad revenue could face more brunt over Apple’s privacy changes

Facebook ad revenue could face more brunt over Apple’s privacy changes

By Akshay Kedari

After Snap Inc. failed to reach its revenue targets last week, investors are now fearing that Facebook’s ad revenue could also be severely impacted due to Apple’s privacy changes. For those unaware, Apple’s privacy updates, which w...

Mark Zuckerberg planning to rebrand Facebook to reflect metaverse focus

Mark Zuckerberg planning to rebrand Facebook to reflect metaverse focus

By Akshay Kedari

There have been many businesses that have rebranded themselves to alter their identity with time. Following the league, social networking giant Facebook is also reportedly planning to rebrand the firm with a new name. On October 28, Chief Executive ...

Formula One teams to test second-generation biofuel during 2022 season

Formula One teams to test second-generation biofuel during 2022 season

By Akshay Kedari

The leading motorsport intends to achieve net-zero carbon status by the end of this decade. F1 has ruled out switching to an all-electric powertrain such as in Formula E. With increasing significance towards green mobility, Formula One teams are...

Apple’s iPhone 13 production may take a hit due to global chip shortage

Apple’s iPhone 13 production may take a hit due to global chip shortage

By Akshay Kedari

Apple Inc. is likely to cut down production of its iPhone 13 model by approximately 10 million units on account of the global chip shortage. The American multinational technology company was previously expected to manufacture 90 million units of the ...

Israel's GoTo Global acquires German e-moped sharing platform emmy

Israel's GoTo Global acquires German e-moped sharing platform emmy

By Akshay Kedari

Israel-based multimodal vehicle sharing services provider GoTo Global Mobility Ltd. has reportedly acquired Germany’s shared e-scooter company emmy. The acquisition will allow GoTo Global to enter the German market as well as accelerate its Eur...