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

  • Three career alternatives suggested by AI for Michael Saylor

    TL;DR Breakdown OpenAI’s GPT-4 presents three alternative careers for crypto advocate Michael Saylor. “Space Travel Tour Guide” utilizes Saylor’s knack for explaining complex concepts. As a “Cryptocurrency Chef Extraordinaire,” Saylor would create crypto-inspired dishes. “Extreme Sports Commentator” is another option, leveraging Saylor’s analytical skills. In an exclusive and thought-provoking exploration, OpenAI’s GPT-4 presents three imaginative alternatives for the career path of renowned entrepreneur and crypto advocate Michael Saylor. Renowned for his leadership at the helm of MicroStrategy and his vocal support for Bitcoin, Saylor has become a celebrated figure in the world of technology and finance. However, in this creative thought experiment, we step out of the realms of conventional wisdom and venture into a world where Saylor’s talents are applied in unexpected ways. The interview with ChatGPT GPT-4, known for its vast intelligence and creativity, offers up the first suggestion – Space Travel Tour Guide. In this role, Saylor would put his skills to use guiding eager tourists through the cosmos. With his exceptional ability to simplify complex ideas and his passion for technology, this role would make good…

    Article 2023年6月4日
  • Binance forced to leave Netherlands amidst regulatory turmoil

    TL;DR Breakdown Binance has made the decision to exit the Dutch market due to its inability to obtain a virtual asset service provider (VASP) license from the Dutch regulator. Effective from July 17, Binance will only allow Dutch residents to withdraw their funds from the platform, as stated in an announcement by the exchange. The exchange expressed its commitment to maintaining engagement with Dutch regulators, indicating a willingness to continue discussions. Binance, the largest cryptocurrency exchange globally, has made the decision to exit the Dutch market due to its inability to obtain a virtual asset service provider (VASP) license from the Dutch regulator. The license attests that Binance complies with anti-money laundering (AML) guidelines, which the exchange failed to persuade the regulator to issue. Effective from July 17, Binance will only allow Dutch residents to withdraw their funds from the platform, as stated in an announcement by the exchange. Binance expressed regret over its departure from the Dutch market, informing users that new registrations from the Netherlands would no longer be accepted. Existing Dutch resident users will have the option…

    Article 2023年6月19日
  • U.S. commerce secretary gears up for crucial China visit

    TL;DR Breakdown U.S. Commerce Secretary Gina Raimondo will visit China from August 27 to 30. This is the third visit by a high-ranking U.S. official to China recently. China highlights the visit as an invitation from their Minister of Commerce, Wang Wentao. Description Amid a myriad of international tensions and fragile relations, U.S. Commerce Secretary Gina Raimondo is charting a course straight to China’s heartland. Scheduled for the end of August, Raimondo’s trip marks a strategic move in international diplomacy between the two global giants. Navigating Choppy Diplomatic Waters Gina Raimondo isn’t just making a cursory visit. Her … Read more Amid a myriad of international tensions and fragile relations, U.S. Commerce Secretary Gina Raimondo is charting a course straight to China’s heartland. Scheduled for the end of August, Raimondo’s trip marks a strategic move in international diplomacy between the two global giants. Navigating Choppy Diplomatic Waters Gina Raimondo isn’t just making a cursory visit. Her sojourn from August 27 to 30 comes hot on the heels of high-ranking U.S. officials setting their sights on China. Remember Antony Blinken’s rendezvous…

    Article 2023年8月23日
  • Chinese hackers are spying on U.S. infrastructure secrets

    TL;DR Breakdown Chinese hackers are reportedly conducting cyber espionage against U.S. critical infrastructure, including telecommunications and transportation hubs. The hacking group, dubbed ‘Volt Typhoon’, is developing capabilities to disrupt key communication infrastructures between the U.S. and Asia. China has denounced these allegations as a “collective disinformation campaign” by the Five Eyes intelligence-sharing countries. Under the veil of anonymity, a sophisticated cadre of Chinese cyber warriors has been accused of prying into a broad array of U.S. critical infrastructure organizations. These alleged espionage activities span across telecommunications, and transportation hubs, and even reach as far as the strategic American military bases located in the U.S. island territory of Guam, according to reports from Western intelligence agencies and Microsoft. Cyber espionage hits strategic nerve points These revelations emerge against a backdrop of routine electronic espionage between the two superpowers. However, this current wave of cyber-espionage is gaining notoriety as one of the largest known Chinese-sponsored incursions against American critical infrastructure. The alleged cyber assailants, operating under the moniker ‘Volt Typhoon’, are feared to be cultivating capabilities that could interrupt pivotal communications infrastructure…

    Article 2023年5月27日
  • Lawsuit targets FTX law firm over shady setup

    TL;DR Breakdown Fenwick & West LLP faces class-action lawsuit over alleged involvement in FTX’s multi-billion-dollar scandal. The law firm is accused of creating “shadowy entities” to divert FTX customer funds. FTX collapsed in November 2022, unable to handle massive customer withdrawals. Description Dark clouds gather over Fenwick & West LLP, formerly FTX’s primary counsel, as they find themselves in the eye of a stormy class-action lawsuit. This tumultuous legal action alleges that the law firm played a role in the crypto exchange’s supposed multi-billion-dollar scandal. Fenwick & West LLP’s suspicious entanglement FTX customers have rallied to file … Read more Dark clouds gather over Fenwick & West LLP, formerly FTX’s primary counsel, as they find themselves in the eye of a stormy class-action lawsuit. This tumultuous legal action alleges that the law firm played a role in the crypto exchange’s supposed multi-billion-dollar scandal. Fenwick & West LLP’s suspicious entanglement FTX customers have rallied to file a suit in California’s District Court, aiming their criticism at the law firm’s questionable involvement in FTX’s business maneuvers. They accuse Fenwick & West LLP…

    Article 2023年8月10日
TOP