Insomniac Games announes two new virtual reality projects for Oculus Rift

Insomniac Games is betting big on virtual reality.

The developer today revealed two titles that it’s developing for the Oculus Rift headset. Augmented and virtual reality could become a $120 billion market by 2020, according to tech adviser Digi-Capital. Insomniac is one of the best-known console developers (having worked mostly with the PlayStation brand), having created popular franchises like Spyro, Ratchet & Clank, and Resistance. And game developers are quickly jumping on this new technology, which could prove to be one of the most innovative changes in gaming since the introduction of the smartphone.