Category: MetonVR.com

With virtual reality gradually becoming more mainstream, accelerated by increased take-up amid the COVID-19 lockdowns[1], Facebook has announced[2] that its new social VR experience platform, called ‘Horizon’, is now moving into closed beta. As you can see from the video, Horizon is essentially a sandbox creation tool for social VR, where users can interact and engage with the virtual environment....

Facebook sees VR as the future of social media interaction, a future that Facebook wants to own in order to maintain is position on top of the social heap. And its working to do just that – after recently acquiring several top VR game developers[1] an integrating them into its growing Oculus VR division, The Social Network has this week started...

Facebook seems further than ever from beaming us into Ready Player One, Ernest Cline’s dorky VR fever dream. But Oculus, the social network’s virtual reality side project, is still going at it. On stage during its annual developer event, Oculus leaders announced a handful of updates today that seem to inch their vision for VR forward—forward, and (whether you like it or...

MENLO PARK, Calif., March 25, 2014 /PRNewswire/ — Facebook today announced that it has reached a definitive agreement to acquire Oculus VR, Inc., the leader in immersive virtual reality technology, for a total of approximately $2 billion. This includes $400 million in cash and 23.1 million shares of Facebook common stock (valued at $1.6 billion based on the average closing price...