#oculus vr

Facebook and Oculus have teamed up to create a Facebook Horizon, a multiplayer virtual reality world for the Oculus Quest and Rift platforms. With the introduction of Facebook Horizon, it has also been announced that Facebook Spaces and Oculus Rooms will be shut down by October 25. Recently, Oculus released its first standalone VR headset that requires no PC or wires attached dubbed the 'Oculus Go'. Facebook really has deep pockets, that's for sure, as it has announced its plans to acquire Oculus VR, Inc. For the unacquainted, Oculus VR is the leader in immersive virtual reality technology that made the game-changing Oculus Rift headset which is capable of providing its users a 360-degree view of the virtual world. The agreement also provides for an additional $300 million earn-out in cash and stock based on the achievement of certain milestones." So what's Facebook going to do with Oculus? According to Mark Zuckerberg, Facebook will accelerate Oculus' growth in gaming, communications and new social experiences. They will also focus on helping Oculus build out their product and develop partnerships while operating independently within Facebook. Read more in our articles including "Facebook introduces social VR app Facebook Horizon" and "Oculus Go officially announced".