A field trip to an Egyptian pyramid in High Fidelity.
A field trip to an Egyptian pyramid in High Fidelity.
Categories

High Fidelity raises $35 million with goal of bringing VR to ‘a billion people’

  • Posted byby Dean Takahashi
  • Updated
  • 4 min

High Fidelity has raised $35 million in funding for its open source platform for building distributed social virtual reality worlds. The platform leverages blockchain technology to enable VR developers to create linkable experiences that can be easily deployed across platforms that also adhere to the open, transparent, and secure ledger technology.

The funding comes at a time when VR is struggling for the attention of consumers and gamers, even as technologies such as augmented reality, esports, and gambling — not to mention traditional games such as PC online games, console games, and mobile games — vie for the dollars of investors.

Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks. 

Join now →

Sign in to your account.

Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.