V-Nova completes the acquisition of Parallaxter Srl, the company behind the PresenZ XR technology
Summary
It offers users cinematic photorealism and 6DoF for real-time navigation in pre-rendered scenes, breaking free from static viewpoints and ensuring full immersiveness. “The new combined format is set to redefine digital entertainment, offering fully immersive, lifelike experiences with six degrees of freedom (6DoF) that revolutionize traditional visual storytelling. Our aim is to bring the future of digital entertainment to life, opening new horizons in how stories are told and experienced.” "We are excited to join forces with V-Nova," said Tristan Salome, CEO of Parallaxter. Its technologies, including MPEG-5 LCEVC and VC-6, are based on the innovative use of AI and parallel processing, improve data, video, imaging, and point-cloud compression, and have been granted international standard status by MPEG, ISO and SMPTE. More about V-Nova: www.v-nova.com Parallaxter SRL, founded in 2014, is a Belgian XR software company that developed and patented PresenZ, the revolutionary Volumetric Movie point cloud format.