In January I wrote a post on gaming advancements on the horizon, and thanks to Facebook it looks like virtual reality has taken a step forward. Mark Zuckerberg must think virtual reality is the future of gaming and perhaps other applications, spending 2 billion on startup Oculus Rift.
I am a big fan of the future of virtual reality, but I can’t see how Oculus Rift justifies a 2 billion valuation. The good news for non Facebook shareholders though is this will spur even more research and advancement into virtual reality because it can attract big money. One reason I don’t think the valuation is justified is Sony just introduced its own virtual reality headset for the Playstation. So the Oculus rift is not the only game in town, and the competitors are likely not far behind.
The biggest mystery is how Facebook will integrate virtual reality into it’s experience. If Facebook does want to pivot a bit and become the hub for a virtual reality community and game center – maybe Oculus Rift will be a bargain. It could be that Mark Zuckerberg is thinking a few moves ahead of everybody else.