The guys who are building this thing have some connection to Yager – a studio, which is currently working on an awesome new F2P-game called Dreadnaught. It’s an Unreal Engine 4 game, so no wonder the developers are using this engine to produce the scene. Apart from that they also used Maya fluids (for flipbooks), Adobe After Effects (to make flipbooks loopable), Photoshop and Apex (cloth).
There are 3 people working on this project. There’s Sarah Mai, who’s doing the VFX (which look stunning btw). There’s Lenz Monath, who is doing the environment art, Bao Ngoc Vu – the character artist and Yuriy Mazurkin – the concept artist, and Tilmann Milde (technical lighting and shader artist). These guys are incredibly talented, so we encourage you to check out their portfolios. These are amazing.
We can’t wait to see the fully finished product! It’s just one level, so hopefully, we’ll see more of this in the future. Amazing stuff.
Source: forums.unrealengine.com