“Virtual reality company Oculus partners with software company Otoy to host a VR art competition. Running from now through July, the Render the Metaverse competition will offer $75,000 in prizes to artists that make the “most breathtaking” 360-degree stereo-panoramic submissions. Entrants will need to use Otoy’s own Octane VR rendering software, which is free for commercial use. This contest will help both companies grow VR content and creativity, fueling a market that research firm Digi-Capital says could reach $150 billion by 2020.”

Source: Oculus announces a virtual reality art competition — and two new hires | GamesBeat | Games | by Dale North