Dolby have recently announced that the Xbox Series X and Series S will support Dolby Atmos games at launch and Dolby Vision games later in 2021. This will be the first time a generation of consoles have supported the standards in-game. Dolby Vision creates the best HDR experience with a compatible screen as it offers per scene metadata adjustments and 12-bit color depth. Dolby Vision is already available through Netflix on Xbox One but this will be the first time both technologies are offered for console games. Dolby Atmos support will be included at launch, however, a 15 USD license fee will be required if you don't own Atmos speakers.
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