Crytek unveils its next-generation, VR-enabled game engine CryEngine V

Crytek unveiled its next-generation video game development engine, CryEngine, today, and it supports virtual reality headsets.

The Frankfurt, Germany-based company made the announcement at an event at the Game Developers Conference in San Francisco today. VR is expected to become a $30 billion industry by 2020, according to tech adviser Digi-Capital. CEO Cevat Yerli said that the announcement was one of the Crytek’s biggest efforts of the last few years.