Crytek Unveils CryEngine V and “Pay What You Want” Model

As the 2016 Game Developers Conference gets underway, Crytek has announced the arrival of CryEngine V.

CryEngine V launches today with a “Pay What You Want” business model, offering developers total access to the engine’s feature-set and full engine source code for a fee of their choosing, and with no obligation to pay royalties or additional service charges. Users who decide to make a contribution for utilizing CryEngine V can allocate up to 70% of the sum to Crytek’s new Indie Development Fund – a grant program that will see Crytek directly supporting promising indie projects around the world.

The latest evolution of CryEngine also introduce CryEngine Marketplace. The Marketplace will enable developers to access individual assets from Crytek’s own library, as well as thousands of materials, sounds, and 3D objects created by the CryEngine community and other trusted vendors.

In addition, CryEngine V brings expanded support for today’s leading Virtual Reality hardware. Crytek’s engine will now equip users to create VR experiences for PlayStation VR, OSVR, HTC Vive and Oculus Rift.