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

McKinsey commences job cuts focused on non-client serving teams

McKinsey commences job cuts focused on non-client serving teams

By Nikita Chaurasia

McKinsey and Co. a consulting giant entity has decided to start cutting jobs in one of the biggest rounds of layoffs for the company. This is likely to eliminate the jobs of about 2000 employees from work. The layoffs will be focused on support st...

Fintech firm PayPal to shed around 2000 staff as global economy plummets

Fintech firm PayPal to shed around 2000 staff as global economy plummets

By Nikita Chaurasia

PayPal, the U.S.-based fintech giant, has reportedly announced that it will cut nearly 2000 jobs, approximately 7% of its workforce, as it turns the latest prominent tech company to shed staff in a bid to cut costs. The online payments provider cl...

EasyJet sees a rise in bookings as customers plan their next vacations

EasyJet sees a rise in bookings as customers plan their next vacations

By Nikita Chaurasia

British multinational low-cost airline group, EasyJet, has reported a record surge in bookings for the month of January as people prioritized their travel plans for the coming year. The news comes as airlines world over start to show signs that they&...