Japanese developer Gree makes about billion dollars a year in revenue for mobile games. But the company is signaling a shift today as it is creating a $12 million fund to invest in virtual reality games and applications.
It’s a sign of the times, as virtual reality is expected to become a $30 billion industry by 2020, according to tech adviser Digi-Capital. Other companies such as the Venture Reality Fund, Colopl, and Presence Capital have also set up funds to invest in VR and augmented reality.
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