Meta revamps Horizon Worlds metaverse with in-house game studio amid struggles

TL;DR Breakdown

  • Meta introduces in-house VR game studio, Ouro Interactive, to boost Horizon Worlds.
  • Horizon Worlds plans to expand to app stores, targeting mobile gamers.
  • Despite Q2 2023 losses, Meta continues investing in Reality Labs for product development.

Description

Meta, the parent company of Facebook, is taking significant steps to rejuvenate its Horizon Worlds metaverse platform. The company has established an in-house VR game studio, Ouro Interactive, to develop first-party titles and enhance the platform’s appeal. This move comes as Horizon Worlds grapples with a reported $3.7 billion loss in Q2 2023 and a … Read more

Meta, the parent company of Facebook, is taking significant steps to rejuvenate its Horizon Worlds metaverse platform. The company has established an in-house VR game studio, Ouro Interactive, to develop first-party titles and enhance the platform’s appeal. This move comes as Horizon Worlds grapples with a reported $3.7 billion loss in Q2 2023 and a perceived decline in consumer interest in the metaverse.

Meta’s new approach to boost Horizon Worlds

Ouro Interactive’s first release, a game titled “Super Rumble,” is expected to showcase the studio’s ability to leverage new technological advancements to create visually complex, interactive, and engaging gameplay. The game is part of Meta’s broader strategy to revitalize Horizon Worlds and recoup significant losses. The company aims to attract the estimated billions of mobile gamers worldwide by making Horizon Worlds available in app stores. However, the timeline for this expansion remains unclear.

Meta’s Vice President of Metaverse, Vishal Shah, stated that the mobile version of Horizon Worlds is intended to serve as a bridge for those who do not own a VR headset. This shift signifies a move from being “VR only” to “VR first.” The company is also investing in generative AI tools to simplify the process of building within its world, even for users without professional 3D rendering skills.

Challenges and future plans for Horizon Worlds

Despite the significant operating loss in Q2 2023, Meta remains committed to its Reality Labs department, the unit behind its Quest VR headsets and Horizon Worlds platform. The company expects Reality Labs’ operating losses to increase year-over-year in 2023 due to ongoing product development.

The revamp of Horizon Worlds comes at a time when other companies are scaling back their metaverse projects. For instance, Disney reportedly laid off its metaverse team and shuttered its virtual world-building efforts in March. Despite these challenges, Meta’s CEO Mark Zuckerberg affirmed the company’s commitment to AI and the metaverse, calling them “major priorities” that are now “overlapping and complementary.”
The Horizon Worlds overhaul represents Meta’s attempt to create a Roblox-like digital playground to attract users who wish to play games and interact with others in a 3D social network. However, the service has reportedly attracted less than 200,000 monthly active users, highlighting the public’s current general lack of enthusiasm for VR. Despite this, Meta is hopeful that its new approach will help boost engagement and user numbers.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.

文章来源于互联网:Meta revamps Horizon Worlds metaverse with in-house game studio amid struggles

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月30日 00:05
Next 2023年7月30日 01:55

Related articles

  • World Mobile expands its each: Launches on Google Play in key markets

    TL;DR Breakdown World Mobile expands its reach by launching its app on Google Play for users in five key countries, aiming to bridge the connectivity divide in underserved regions. A new partnership with SingularityNET promises to revolutionize customer service on the World Mobile platform using AI and blockchain technologies. Description In a significant move to expand its global footprint, World Mobile, the decentralized wireless (DeWi) network operator, has announced the launch of its app on Google Play. This move comes as a boon for users in the United States, the United Kingdom, Australia, Canada, and Tanzania. The announcement, made on August 22, marks a pivotal … Read more In a significant move to expand its global footprint, World Mobile, the decentralized wireless (DeWi) network operator, has announced the launch of its app on Google Play. This move comes as a boon for users in the United States, the United Kingdom, Australia, Canada, and Tanzania. The announcement, made on August 22, marks a pivotal moment in the company’s journey to bridge the connectivity divide. Contents hide 1 Bridging the connectivity gap…

    Article 2023年8月23日
  • Why is the crypto market down today? The August 2023 heat

    TL;DR Breakdown The crypto market tanked as the benchmark U.S. Treasury yield rose to its highest level in nearly two years. The yields increased the day after the minutes from the Federal Open Market Committee’s (FOMC) July meeting reiterated hawkishness. Ripple (XRP) leads in market decline with the possibility that the SEC appeal could get a green light. Kevin O’Leary suggests that the Fed could continue to raise interest rates because of increased inflation in America. Description Rising U.S. bond yields are likely to blame for today’s downward price trend in the crypto market. Specifically, today’s crypto market is declining as the benchmark U.S. Treasury yield rose to its highest level in nearly two years. According to CoinGecko, the current market cap of all cryptocurrencies is $1.16 Trillion, a change of -3.4% … Read more Rising U.S. bond yields are likely to blame for today’s downward price trend in the crypto market. Specifically, today’s crypto market is declining as the benchmark U.S. Treasury yield rose to its highest level in nearly two years. According to CoinGecko, the current market cap…

    Article 2023年8月18日
  • US Congressman involved in a fraudulent crypto scheme

    TL;DR Breakdown US Congressman George Santos has been indicted for operating a fraudulent crypto scheme among other charges. Balancing innovation and regulation in the crypto space. Description US Congressman George Santos, a first-term member of the House of Representatives, is currently facing indictment for thirteen felonies, including alleged embezzlement of contributions, fraudulent collection of unemployment checks, and providing false disclosures to the House. Among the array of charges, one of his more peculiar schemes involved cryptocurrency and seemed to be reminiscent of … Read more US Congressman George Santos, a first-term member of the House of Representatives, is currently facing indictment for thirteen felonies, including alleged embezzlement of contributions, fraudulent collection of unemployment checks, and providing false disclosures to the House. Among the array of charges, one of his more peculiar schemes involved cryptocurrency and seemed to be reminiscent of the classic Nigerian prince email scam, according to a report by The New York Times. The US Congressman carried out a Nigerian prince scam As per a campaign donor’s account to the Times, Santos, along with two other individuals, approached…

    Article 2023年7月29日
  • Azuki NFTs massive crash: What went wrong with the ‘Elementals’ launch?

    TL;DR Breakdown Azuki’s new ‘Elementals’ NFT collection sparked controversy for alleged similarity to their original collection, causing a 44% drop in Azuki’s NFT value. Critics accuse Elementals of being a cheaper version of Azuki’s original collection, despite initial marketing suggesting a unique brand story. The backlash led to a market upheaval with a 400% surge in Azuki NFT sales and a steep price drop, while Elementals’ floor prices dropped by 55%. Description Yesterday, the NFT world was rocked by a significant market fluctuation when the floor price of Chiru Labs’ renowned Azuki NFT collection plunged by a striking 44%. However, this dramatic downturn was linked to the release of the company’s latest collection, ‘Elementals‘, which was met with substantial backlash from holders and market observers​. The Azuki … Read more Yesterday, the NFT world was rocked by a significant market fluctuation when the floor price of Chiru Labs’ renowned Azuki NFT collection plunged by a striking 44%. However, this dramatic downturn was linked to the release of the company’s latest collection, ‘Elementals‘, which was met with substantial backlash from holders…

    Article 2023年6月30日
  • The menace of Twitter bots: A threat to crypto marketing strategies

    TL;DR Breakdown According to a research report, Twitter bots could distort perceptions of a crypto’s popularity, creating artificial highs in social media engagement and misleading potential investors. Cryptos with abnormally high engagement coefficients, which could be inflated by bot activity, have been found to yield low returns, frequently after a brief spike. The implementation of multi-faceted solutions is necessary to address the challenges posed by Twitter bots. Description Twitter bots have attained notoriety within the crypto industry. Now, two Yale researchers believe they know how to trade more profitably by leveraging phony engagement. In recent years, the crypto industry has witnessed exponential growth and widespread adoption. As this digital revolution gains momentum, marketing strategies have become paramount in ensuring success for crypto projects.  … Read more Twitter bots have attained notoriety within the crypto industry. Now, two Yale researchers believe they know how to trade more profitably by leveraging phony engagement. In recent years, the crypto industry has witnessed exponential growth and widespread adoption. As this digital revolution gains momentum, marketing strategies have become paramount in ensuring success for crypto…

    Article 2023年6月26日
TOP