'Half-Life 3' release date, latest news: Valve and HTC working together for the third installment; VR features may be seen

The release of "Half-Life 2" was bittersweet as it came as the last installment of the "Half Life" franchise. The game was unchanged for almost a decade, opting the fans to wonder if "Half-Life 3" is still possible.

Fans have been wondering if ever "Half-Life 3" would ever grace the gaming world. The release of the first title was filled with positive marks due to its impressive graphics and animation. The next installment did not disappoint as well, featuring Ragdolls and realistic physical connections in the title.

The positive reviews the both titles have received paved the way for fans to hope for a third installment, but Valve has maintained a quiet lip about it. Recent reports claim that "Half-Life 3" is already in the works and so the title will be out inevitably.

Since virtual reality (VR) is the hottest trend in the gaming world, rumors are rife that "Half-Life 3" will feature a VR support. Valve is apparently partnering with HTC to create a realistic output for the anticipated title.

As for the gameplay details, it is believed that "Half-Life 3" will be situated at Kraken Base, a place that was supposed to be introduced in "Half-Life 2." However, it was not included as it did not meet the cut. This should explain why enthusiasts are hoping that the third installment will feature the location that has never been out.

Other rumors include a submarine an underwater terrain that players can navigate around. This is said to be associated with the plots in the Kraken Base following Dr. Helena Mossman's betrayal.

As for the release date, Valve has yet to confirm "Half-Life 3" so its release date remains uncertain for now. However, enthusiasts believe that the game will be launched in 2018.

All the details presented are considered pure rumors for now and Valve has yet to confirm them, or if "Half-Life 3" is indeed in development.