3D-model platform Sketchfab becomes Epic Games’ next big acquisition
Category: #headlines  | By Nikita Chaurasia  | Date: 2021-07-24 |
  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn

3D-model platform Sketchfab becomes Epic Games’ next big acquisition

After RAD Game Tools and Quixel Megascans, American video game and software development company Epic Games Inc. has now acquired Sketchfab, the platform that boasts of over 4 million 3D models where artists can publish, modify, and sell their creations on the web.

Despite the acquisition, Epic Games guarantees that Sketchfab will keep its ties with all the platform's key tools, as well as rival engines like Unity, and will continue to function as a separate brand and offering.

It is to be noted that Epic Games already has its game engine dubbed ‘Unreal Engine’, which finds various use cases beyond video games, such as mixed reality projects, 3D explorations of virtual worlds, special effects, and more.

Although Epic Games has its Unreal Engine marketplace, Sketchfab has been working for years to create a definitive 3D marketplace based on three key pillars: reach, technology, and collaboration.

For the uninitiated, the startup allows the user to view 3D models on any platform, working with all major browsers on mobile and desktop. Speaking of reach, Sketchfab reported 2 million members, 2 billion views, and 3 million 3D models in 2018.

The startup also introduced Sketchfab for Teams, a software-as-a-service play for firms that work with 3D models that allows a Sketchfab account to be shared with the rest of the team.

Post the acquisition, Epic Games have reduced store fees from 30% to 12%, which gives the artist to earn more money by selling their work on it.

Sketchfab co-founder and CEO Alban Denoyel mentioned they developed Sketchfab to enable a new era of creation by allowing creators to present their work online and make 3D material more accessible. With Epic on board, they can expedite the development of Sketchfab and its online toolset, all while giving creators an even better experience, they expressed.

In addition to Sketchfab, Epic Games had also acquired Capturing Reality and ArtStation previously, implying that the company intends to create an end-to-end development suite for the gaming sector.

Source Credit –

https://techcrunch.com/2021/07/21/epic-games-acquires-sketchfab-a-3d-model-sharing-platform/?guccounter=1

https://www.ruetir.com/2021/07/22/epic-games-takes-out-the-wallet-again-and-buys-sketchfab-a-huge-3d-model-platform/

 

  • shareshare_icon
  • Twitter
  • Facebook
  • LinkedIn


About Author

Nikita Chaurasia     twitter

Nikita Chaurasia

Having always been daft at wordplay, Nikita Chaurasia, post the completion of post-graduation, commenced her journey into the content generation cosmos. Endowed with a professional MBA degree in Advertising and Public Relations, Nikita strives to integrate her creativ...

Read More..

More News By Nikita Chaurasia

Samsung kickstarts chip production with 3nm process technology

Samsung kickstarts chip production with 3nm process technology

By Nikita Chaurasia

Samsung Electronics Co Ltd has reportedly declared that it has begun the mass production of chips using advanced 3-nanometre technology. The company is the first in the entire world to do so and is actively looking for new clients to contest with Tai...

Progcap nabs $40Mn in funding round for expansion & product development

Progcap nabs $40Mn in funding round for expansion & product development

By Nikita Chaurasia

Progcap, a pioneer in the field of corporate-driven financing solutions for small and medium-sized businesses (SMBs), has secured $40 million in private equity capital at $600 million valuation. The raised capital forms a part of the Series C exte...

Microsoft solidifies Qatar investment; Unveils new high-tech office

Microsoft solidifies Qatar investment; Unveils new high-tech office

By Nikita Chaurasia

Microsoft, the global tech behemoth, has recently stated that it is expanding its operation in Qatar by unveiling a new Lusail City unit, the firm’s largest and fourth in the country. This new facility forms part of a substantial investment tha...