XR Industry News
The latest news on the XR industry. Covering AR, VR, MR, spatial computing, and the most important companies and platforms in the field.
The 20 Best Rated & Most Popular Quest Games & Apps – May 2022
While Oculus doesn’t offer much publicly in the way of understanding how well individual games & apps are performing across its Quest 2 storefront, it’s possible to glean some insight by looking at apps relative to each other. Here’s...
Meta Releases UE4 Graphics Demo to Show What Quest 2 Can Do with Expert Optimization
In an effort to help PC VR developers bring their content to Quest 2, Meta has ported Showdown, an old UE4 VR graphics showcase, to the headset as a case study in optimization best practices.
Showdown is a UE4 PC VR...
Google Acquires MicroLED Startup Raxium to Bolster AR Ambitions
Google is adding to its portfolio of XR microdisplay designs and talent, as the company announced it's acquired microLED (µLED) designer Raxium.
The acquisition was previously reported by The Information in March, however now Google has confirmed in a blog post that...
Reality Labs Chief Scientist Outlines a New Compute Architecture for True AR Glasses
Speaking at the IEDM conference late last year, Meta Reality Labs' Chief Scientist Michael Abrash laid out the company's analysis of how contemporary compute architectures will need to evolve to make possible the AR glasses of our sci-fi conceptualizations.
While...
Zuckerberg Warns Shareholders: Metaverse Investments May Not Flourish Until 2030s
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...
Maker of the Taser Acquires VR Studio to Bolster VR Police Training
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...
One of the Last Bastions of the Oculus Brand is No More
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 to Open First Retail Store Including Dedicated Quest 2 Demo Area
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...
The 20 Best Rated & Most Popular Quest Games & Apps – April 2022
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...
Apple Says Steep ‘Horizon Worlds’ Creator Fees Show Meta’s “Hypocrisy”
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...
Virtual Social Platform ‘Rec Room’ Hits 3 Million Monthly Active VR Users
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...
Meta: 124 Quest Apps Have Earned More Than $1M, 8 Have Earned More Than $20M
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...
Waveguide Maker DigiLens Announces New Investment at $530M Valuation
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....
Epic Releases Unreal Engine 5 But Its Headlining Features Aren’t Ready for VR
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...
Veteran VR Studio of ‘Fracked’ & ‘Phantom: Covert Ops’ Raises $35M to Expand Development & Publishing
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...


















