Tag: metaverse

Meta Platforms open first physical store to sell Oculus Quest 2

Stephanie Beck
Oculus Quest 2 - Open Store

The shop will also sell other forms of hardware relating to virtual reality and the metaverse. Meta Platforms has announced that it is opening its first physical store to sell VR hardware like the Oculus Quest 2 to help to broaden the popularity of equipment needed to access the metaverse. While many teens already have VR headsets, they’re simply not using them as they’d use their phones. Meta has been trying to boost the number of people using VR headsets like the Oculus Quest 2 to dive into the metaverse,…

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Facebook’s virtual reality investments have lost almost $20B since 2020

John Montgallo
Virtual reality - Facebook investment

Last quarter alone, Meta spent $2.96 billion to continue the company’s attempt to build the metaverse. Meta has been aggressively pursuing its virtual reality metaverse world, but this pursuit has come with a large price tag as the company has consistently lost money on the effort until now. The metaverse is meant to allow users to navigate a VR world in the form of their digital avatars. The Facebook parent company has released its first quarter 2022 financial results and has revealed that this year alone, the virtual reality investments…

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Horizon Worlds virtual reality platform users grew by 10 times since December

Jorge Gonzalez
Virtual reality platform - VR experience

Meta’s metaverse and VR space has increased its usership to 300,000 as of the end of February. Meta’s entire company rebranding after having been Facebook is a massive bet on its virtual reality platform and metaverse experience becoming tremendously popular. That said, it hasn’t said all that much about the successes it has seen following the billions it has spent on building both hardware and software outside its traditional social media sphere. At the moment, Meta is placing a massive focus on its Quest headset and social VR called Horizon…

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Meta takes on virtual reality behavioral problems with 4-foot “personal boundary”

L. Green
Virtual Reality - Person wearing VR Headset - VR experience

The company will use an invisible cylinder as a default setting to keep Horizon avatars apart. The metaverse is proving that in the virtual reality world, groping and other personal space boundaries are not respected in the same way that they would be IRL. Personal space in the real world is taught from a young age, and social pressure enforces it. In the real world, people learn to respect personal space as children. It’s taught early on as an unspoken rule and enforced socially so that people will keep a…

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FTC reportedly investigating Meta virtual reality division

Stephanie Beck
Virtual Reality - Federal Trade Commission Building

Reports show the Federal Trade Commission and several US states are looking into the VR division. The Federal Trade Commission and a number of US states are investigating the virtual reality division at Meta, according to a recent Bloomberg report. The specific number of states were not identified in the report, but they are being led by New York. New York is leading the undisclosed number of states across the country that are questioning the Meta virtual reality Oculus app developers. The investigation has been ongoing across the last few…

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