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Facebook [1] today announced it’s building its own Ready Player One Oasis. Facebook Horizon is a virtual reality sandbox universe where you can build your own environments and games, play and socialize with friends or just explore the user-generated landscapes. This is Facebook’s take on Second Life. Launching in early 2020 in closed beta[2], Facebook Horizon will allow users to...

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...

SAN FRANCISCO–(BUSINESS WIRE[1])–VRChat, a social virtual reality (VR) platform that allows users to create, publish, and explore VR worlds with other users around the world, announced today a Seed investment round of $1.2 million, including technology giant HTC. Participating in the round alongside HTC are Rothenberg Ventures, GREE VR Capital, and Brightstone Venture Capital. The financing will be used to...