Virtual reality has been on a major roll … at least until this year. When Oculus executives sold their startup to Facebook in 2014 for about $3 billion, VR was riding high. The purchase prompted tech giants such as Google and Microsoft to speed up their VR headset development, and sparked a wave of investments and new startups. But this year, interest in VR has arguably slumped, as some consumers seem to have grown disappointed. Oculus has not helped the sentiment, since it has not revealed any official figures about Rift sales, but still very much believes in the technology’s potential. Continue reading Oculus Recognizes Virtual Reality Hype, Defends its Potential

At the third Oculus Connect, the company revealed Santa Cruz, a new prototype headset that doesn’t require external cameras or towers to move through digital space. The cameras detect real motion, which matches the virtual environment. Also shown was a new social VR experience that allows the user to hang out with friends, who appear as icons, in a real-world 360-degree scene. Oculus debuted the ReactVR JavaScript framework for building WebVR experiences that will be able to run on Carmel, Oculus’ upcoming VR Web browser. Continue reading Oculus Connect Unveils Wireless Headset, Social VR, Web VR