Summary:
- Palmer Luckey, the co-founder of Oculus VR, has started a new retro gaming startup called ModRetro.
- ModRetro is reportedly seeking funding at a $1 billion valuation, indicating significant investor interest in the company's plans to revive classic video game consoles and hardware.
- The startup aims to provide a platform for enthusiasts to easily modify and enhance their retro gaming setups, tapping into the growing demand for nostalgia-driven gaming experiences.