The publisher has launched a fund targeting virtual reality gaming and is also planning to form partnerships with studios in the industry.

Japan-based game publisher Colopl has established a $50m fund that will invest in virtual reality companies, Venturebeat has reported.

Apart from seeking partnerships with virtual reality studios, Colopl hopes the fund will help it turn the medium into a mainstream platform on the same level of popularity as the internet or smartphones.

The fund aims to extend virtual reality beyond gaming, though Colopl has not revealed if it is targeting any specific sectors.

Colopl, which has developed several dozen games…

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