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Godot Engine hits over 50K euros per month in funding
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You are not allowed to distribute unreal source. From their FAQ:
Unreal Engine licensees are permitted to post engine code snippets (up to 30 lines) in a public forum, but only for the purpose of discussing the content of the snippet
But the code is easily visible and you can compile it yourself. If you say "I only run software I 100% knows what it does because I can read it's source code" then Unreal Engine fits, it's open source.
That's not why people want an open source game engine though, they want it to be open source so that they can't do a unity
I agree the phrase "open source" is a bit confusing
That has nothing to do with open source, that has to to with licensing, which I'm pretty sure isn't an issue anyway since I think Unreal versions are tied to specific license versions, i.e. if you download the engine under one term, thats the only one you have to use