In 2016, a Goldman Sachs report predicted that AR/VR sales could reach $182 billion by 2025. Now, New York City, home to at least seven virtual reality centers, is committing $6 million to a 15,000-square foot space in the Brooklyn Navy Yard that will serve as a “hub for virtual reality and augmented reality.” The de Blasio administration says the hub will create more than 500 jobs. One of the existing centers, VR World, is equipped with a bar and dance music and lets users sky dive, rock climb or wield a samurai sword. Continue reading New York City Invests $6M in Augmented, Virtual Reality Hub

Augmented and virtual reality have been evolving, but aren’t yet at the point of breaking into the mainstream. Now, a grassroots group of individuals and organizations is working to create the first worldwide Virtual Reality Day, on November 18, an event it hopes to make annual until AR and VR reach wide acceptance. The group has chosen the date as the last Saturday before Black Friday, with the hope that parents and children will explore AR/VR together. The New York VR meetup (NYVR) — with 5,300 members, the second largest in the world — will participate. Continue reading AR and VR Groups Create the First Global Virtual Reality Day

Kent Bye covers location-based VR operations, pricing structures, crowd management and throughput, and reaching the mass audience in this 30-minute Voices of VR podcast interview with the founders of VR World NYC. The new midtown Manhattan portal, which opened June 24th, features over 50 VR experiences spread over three floors in a 20,000 square foot space near the Empire State Building. Visitors pay $39 in the afternoon and $49 in the evening for unlimited stay and play. Continue reading VR World NYC Offers an Open Buffet of 50+ VR Experiences