Sony's PlayStation 4 Developers Conference will be a big jumping-off point for more virtual reality development for the upcoming PlayStation VR platform.

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According to the 2016 DevCon announcement from Sony, this year's conference will provide "essential information" for developers looking to push their work "into high gear."Sony said it's "building up an agenda that will focus on PlayStation VR," but the conference will also cover areas such as "recent features and services," PlayStation Network, advanced graphics concepts and optimizations, utilization of the PS4's CPU, as well as "submissions updates."The conference will be held at the Loews Hollywood Hotel May 10 through May 11 and will also include roundtable sessions. Sony said the discussions "are positioned to be an open environment," one where developers can trade "experiences, thoughts, feedback, and lessons learned."Oculus Rift, the first VR platform out the gate and a direct competitor to the future PlayStation VR platform, announced pricing during the 2016 CES conference. The base Oculus Rift will cost $600. Virtual reality is expected to generate $5.1 billion in revenue this year. An impressive figure, but a mere fraction of the $74.5 billion estimated gaming revenue for 2015.We've reached out to Sony for more information about the 2016 PlayStation 4 Developers Conference and we'll keep you in the know.(Editor's Note: A link previously appeared in this article that was meant for developers only and has since been removed.)

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