Will V-Ray 5 Workstation licenses be assigned on a dongle? June 30, 2021 08:29 Updated No, V-Ray 5 works with Online Licensing only. Chaos Group no longer supports dongles. You can easily migrate to Online licensing before upgrading. Related articles If I have an active V-Ray term license, can I upgrade to the latest available version of V-Ray? I purchased a new V-Ray Next Perpetual license recently. Am I eligible for a free upgrade to V-Ray 5? Will there be options for V-Ray 3 users to upgrade to V-Ray 5 directly? How do I activate my online licenses? What is the V-Ray Collection?