V-Ray 5 is backwards compatible with both Next and version 3. Technically it is able to run either version 5, Next and version 3.
Important: Update Your Chaos Licensing by January 28, 2025
To ensure uninterrupted access to your licenses, an essential update is required by January 28, 2025. Failure to update your Chaos licensing will result in the loss of access to your licenses.
For detailed instructions, please visit the FAQ Article
To ensure uninterrupted access to your licenses, an essential update is required by January 28, 2025. Failure to update your Chaos licensing will result in the loss of access to your licenses.
For detailed instructions, please visit the FAQ Article