Facebook Inc (NASDAQ:FB) CEO Mark Zuckerberg has acquired the virtual reality startup Oculus Rift for a whopping $2 billion in 2014, which has raised many eyebrows. What does a social media company like Facebook Inc (NASDAQ:FB) had to do with virtual reality hardware? CNBC’s Julia Boorstin reported on CNBC about what Facebook Inc (NASDAQ:FB) CEO Zuckerberg had to say about the potential behind virtual reality technology.
Boorstin reported that virtual reality game developer’s conference is going on at San Francisco, which attracted many developers. She added that similar conference is going on at Barcelona where Facebook Inc (NASDAQ:FB)’s CEO Mark Zuckerberg shared his thoughts on Virtual reality and anxiety about this technology.
“That’s (Virtual Reality) definitely future technology and that’s not main stream consumer thing today, but I believe that kind of continues the trajectory going from text to photos to videos to fully immersive scene that you can be a part of,” Zuckerberg said in a conference at Barcelona.
Boorstin said that Oculus Rift’s big challenge here is to get developers make games for virtual reality. She added that Facebook Inc (NASDAQ:FB)’s Oculus Rift is also facing competition from some big names like Sony Corp (NYSE:SNE)’s Morpheus and some new comers into the virtual reality headset market like HTC.
Boorstin pointed out that Facebook Inc (NASDAQ:FB)’s Oculus rift has opened a store for developers to sell their games to integrate with its VR headsets.
“Its Really important for a developer to actually make some revenue. For a long time, we are talking about VR, but were not actually making money from it. The nice thing is not with the VR store taking payments, you can actually start seeing some revenue come in,” NDreams CEO, Patrick O’Luanaigh said about the Oculus Rift’s VR Store.
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