The metaverse may represent an over $1 trillion annual revenue market opportunity, crypto investment giant Grayscale said in a report, without specifying the timeline.

Six-month-old Archie was born with a condition where the growth lines in his skull had fused too early. His parents needed to make a difficult decision - opt for the risks of surgery, or let nature take its course with the physical and psychological impacts which could follow. But thanks to a pioneering new technology, Amanda and Judd Michnowiec were able to see what the changes would be beforehand, in virtual reality.

Everyone is blabbing about the metaverse. But what does this future digital world look like? WSJ’s Joanna Stern checked into a hotel and strapped on a virtual-reality headset for the day. She went to work meetings, hung out with new avatar friends and attended virtual shows. Photo illustration: Tammy Lian/The Wall Street Journal

Facebook, which today changed its name to Meta just for fun, is making changes to its virtual reality division to match its rebrand. Meta CTO Andrew Bosworth announced that the company would transition away from the Oculus branding beginning in 2022.

Facebook Inc plans to create 10,000 jobs in the European Union over the next five years, the social media giant said on Monday, to help build the so-called metaverse - an online world where people can use different devices to move and communicate in a virtual environment.

The move will make it easier to modify or repurpose the device instead of killing it altogether.

Valve could have a second VR headset in development with a standalone design similar to what’s currently offered by Facebook’s lineup of Oculus Quest headsets. Evidence for the new headset was brought to light by YouTuber Brad Lynch. He found multiple references in Valve’s SteamVR code to a device codenamed “Deckard” which he then cross-referenced against the company’s recent patent applications.

The concept of the “metaverse” first came from the 1992 sci-fi novel Snow Crash as a place that people flee to escape a dangerous corporation-dominated world. It has since come to refer to a range of virtual experiences that have gained popularity during the pandemic – including video games such as Fortnite, non-fungible tokens or even online meetings and events.

Virtual reality has come on leaps and bounds over the past few years. Whether we’re talking about the capabilities of the VR tech itself, its price, or the VR games now available to us, there’s no question that virtual reality has improved. While the Valve Index is still pricey, there are plenty of great budget options now available. The Oculus Quest 2 can be bought for a humble $300, and it’s a damn good headset by all technical standards.

Apple now seems to be up for a custom chip for it’s rumored upcoming AR/VR headset. This chip is an SoC, this will require Apple to offload a few processor-heavy tasks to the device it’s connected to (like an iPhone or Mac). However, this chip sends and receives data, compresses or decompressed videos as per needs though being wireless. Thus, it’s gonna do a great job in streaming data, rather than putting the whole load of heavy processing on the headset. Apple has started working with this wit

This is ByteDance's first foray in VR.

Felix & Paul Studio filmed 3D, 360-degree spacewalk scenes outside the International Space Station.

In an experiment published in JMIR Mental Health, people with social anxiety disorder showed reduced social anxiety and less negative rumination following a virtual reality based exposure therapy. Moreover, this reduction in symptoms was associated with changes in brain activity when participants judged whether positive words were self-relevant.

Facebook's virtual meeting software falls victim to one of marketing's worst sins, product orientation, because Mark Zuckerberg needs to find a use for VR.

Firing employees can be one of the toughest tasks a manager faces. So, to make it a bit easier, workplace training company Talespin created Barry — an artificially intelligent virtual character you can practice firing over and over again.

It announced ads for the mobile app last month.

Facebook is no stranger to VR with Oculus, but it looks like the company is preparing for some big news.

If you've always wanted to meet Far Cry 3's sadistic villain Vaas Montenegro in VR, now's your chance. Eight months after announcing a virtual reality take on the memorable action shooter, arcade chain Zero Latency is now hosting Far Cry VR: Dive into Insanity at its nine US locations and at sites around the world. The co-op game involves a team of up to eight players working together to escape the maniacal warlord's jungle gauntlet.

Apple is preparing for another "paradigm shift" that embraces 3D, according to VR and AR evangelist Robert Scoble, with predictions that Apple's strategy involves creating a realtime 3D map of the entire planet, as well as more work on 3D audio and a headset like the often-rumored "Apple Glass."

After a steady stream of studio acquisitions in late 2019 and early 2020, Facebook has been a little quieter in recent months when its come to bulking up their VR content arm.