Today during Meta's Q1 2022 earnings call CEO Mark Zuckerberg told shareholders that they should buckle up for the long haul because the company's steep investments in XR and metaverse technologies aren't expected to flourish until the next decade. Today...

Axon, the company best known for its Taser stun guns, has announced the acquisition of VR studio Foundry 45 which it says will bolster its VR training offerings. Founded in 1993, Axon is the company behind the well known Taser...

Alongside the announcement of the company's first retail store, Meta has begun redirecting visitors of the longstanding Oculus.com website to its new Meta Store. Facebook announced back in late 2021 that it would rebrand itself to Meta and eventually dissolve...

Meta announced today plans to open its first ever retail store to give customers a chance to check out the company's hardware in person. The store will include a dedicated Quest 2 demo area and send participants home with...

While Oculus doesn’t offer much publicly in the way of understanding how well individual apps are performing across its VR storefronts, it’s possible to glean some insight by looking at apps relative to each other. Here’s a snapshot of...

Earlier this week Meta announced that it would begin testing tools to let creators sell things for real money in Horizon Worlds and would charge a fee of 47.5% of their earnings. The fee structure seemed at odds with prior...

Rec Room, a social VR game which also supports non-VR devices like PC, console, and mobile phones, has reached an impressive 3 million monthly active VR users, which the company says is just a fraction of its total monthly...

At GDC last month, Meta shared the clearest look yet at the number of apps reaching various revenue milestones on the Quest platform. So far, 124 apps have earned $1 million in revenue or more, while 8 have exceeded...

DigiLens, a maker of waveguide optics for AR glasses, today announced a second close of its Series D funding round, claiming a $530 million valuation. DigiLens is one of several companies building waveguide optics and positioning them for use in XR....

This week Epic Games released the latest version of its next-gen game engine, Unreal Engine 5. Though the new version brings improvements in many areas, its most notable features are Lumen (global illumination) and Nanite (micro-polygon geometry), which could...

nDreams, the veteran VR studio behind titles like Fracked (2021) and Phantom: Covert Ops (2020), today announced a $35 million investment from Aonic Group. nDreams was an early adopter of VR, starting with early VR tech demos in 2014, followed by small titles...

Osso VR, the VR surgical training platform, today announced it's closed a $66 million Series C financing round, something the company says will be used to broaden its VR surgical offering and hire more expert talent. The Series C round was...

Snap announced it's acquired neurotech startup NextMind, a Paris-based company known for creating a $400 pint-sized brain-computer interface (BCI). In a blog post, Snap says NextMind will help drive "long-term augmented reality research efforts within Snap Lab," the company's hardware team...

Meta today announced it's expanding the company's VR developer programs to include training on how to build games and experiences inside Horizon Worlds, Meta's growing social VR platform. Devs can also nab some cash too—a strong incentive to help Meta...

FOV Ventures is a newly formed venture capital firm which plans to invest in early-stage metaverse startups. The firm says it has raised an initial $18.1 million as part of its first fund. Founding partners David Haynes and Petri Rajahalme announced...