Titanic: Honor & Glory is project dedicated to recreating the RMS Titanic's ill-fated maiden voyage using Unreal Engine 4, and they made a video showing the famous grand staircase of the ship disappearing.
Their goal is to recreate the entire ship, its voyage and its final hours. The final game will include a free roam mode where we can wander around the ship with minimal crowds and no objectives and watch as everything is slowly engulfed by the icy waters.
Looks and sounds frightening enough, probably no need for Oculus support or horror elements.
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