Insights EDU

Meta has difficulties, Variant raise $450m & VR Chat blocks Mods #MWB

Zuri Lives

01 Aug 2022 | 2 min read

Good morning XR Brief readers. Welcome to our weekly roundup of key advancements from immersive, web3, and real-time. August 01 2022 Edition.

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Top Stories

Starting in August, Meta’s Quest 2 VR headsets will go up in price by $100.

Meta said, through a spokesperson, that they are “adjusting the price of the Meta Quest 2 headsets to enable us to continue investing in ways that will keep driving this increasingly competitive industry forward for consumers and developers alike.”

VRChat has had a difficult week

After announcing that it would be implementing a new anti-cheat system that would ban all client modifications. This has led to a large number of players threatening to leave the game for other social VR games.

The Venice International Film Festival unveiled its selection for Venice Immersive.

The exciting lineup includes the upcoming Peaky Blinders VR experience, alongside Space Explorers, The Soloist VR, and many more. The immersive selection will now include 360-degree videos, XR installations, live performances, and virtual worlds, each in its own subcategories.

The FTC is suing to block Meta’s acquisition of VR fitness app.

Claiming that the deal would violate antitrust laws. Meta is a leading provider of virtual reality technology, and the acquisition may give it a monopoly in the VR fitness app market. The FTC is concerned that Meta would be able to raise prices and stifle innovation.

In Funding

Condense, a Metaverse infrastructure company raises $4.5m seed. The funding will be used to develop technology that allows live, real-world events to be streamed into virtual worlds.

Variant doubles down on Web3 with a $450m raise. They will focus on the “user-owned web” and continue to invest in their existing portfolio.

Coinfeeds a social media monitoring app for web3 and NFT, raises $2m. The application is targeted to anyone from the average user to professional investors.

Keep an eye on

Events to be at

Our best wishes for a productive day. Please send any news, comments, and a hamper of chocolate to [email protected].

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