Meta reduces investment in the metaverse, terminates the Quest platform's Horizon Worlds project
Meta announced that starting June 15, users will no longer be able to build, publish, or update virtual reality worlds on Meta Quest headsets, nor will they be able to access Meta Horizon Worlds through Quest headsets. This virtual world feature will continue to be available on the Meta Horizon mobile app.
A Meta spokesperson cited a blog post from February of this year, which mentioned that the company is shifting the focus of Worlds to "almost entirely mobile-centric." Earlier in January of this year, Meta had cut about 1,000 jobs from the Reality Labs division and closed several virtual reality game and content studios. Andrew Bosworth, head of Reality Labs and Chief Technology Officer, stated in a memo to employees that Meta will primarily focus on mobile experiences rather than immersive virtual worlds accessed through headsets.
This move marks Meta's further retreat from the metaverse strategy previously championed by Mark Zuckerberg. Resources in Reality Labs have shifted from VR gaming to advancing wearable products aimed at AI goals, including Ray-Ban Meta smart glasses.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

Sam Price Predicts Gold Prices Will Rise, Focuses on Cryptocurrency Market Trends

Shanghai Releases Digital Economy Development Plan, Initiates Research on Web 3.0 Innovation Testing Grounds

Zhejiang Cyber Police in China reported a fraud case disguised as "virtual currency."

Yuga Labs management adjustment: Greg Solano appointed as chairman of the board, Michael Figge appointed as CEO

Zcash’s planned Sprout freeze would leave private keys unable to move funds

Bitcoin or Dollar Returns: Same Strategy, Opposite Results

Stablecoin Payments Surge 45% Despite No New Supply

Bitcoin: AI Crash or Superabundance, Bitwise Sees Only One Winner

Crypto doesn’t need your party to win, just its candidates

BitTorrent Ushers in Next-Gen Web3 Infrastructure with Strategic Rebrand and Inaugural BTT Burn

Bitcoin’s Quantum Transition Won’t Stop at Bitcoin

Michael Saylor hints at more Bitcoin buys as Strategy holds 848,250 BTC

JUST Completes 5th JST Buyback & Burn: Over 170M Tokens (~$23.53M) Burned Ahead of Major Deflationary Upgrade

AI Model Claude Discovers 25-Year-Old US Cryptography Secret; Satoshi's Choice Under Scrutiny Again

Crypto: Ethereum Prepares for a Historic Increase in Gas Limit with Glamsterdam

Global Liquidity: Could the Japanese Oil Crisis Collapse US Treasuries?

BIS: Bank rate hikes cut stablecoin growth by 3 points

CryptoQuant CEO sees $30,000 Bitcoin floor even if ETFs and treasury firms exit

ZKsync vs Starknet: Which ZK Rollup is Superior?

Why does Circle keep only 7 cents for every dollar it earns?

Bitcoin: Arthur Hayes Sees an Opportunity in the AI Bubble

Chip Bets Lost $52 Million in 10 Minutes with Wall Street Closed

Bitget restricts users in Russia and Belarus under new rules

Raydium Quarterly Report Analysis: Trading Fees Triple, Q4 Growth Sustainability in Doubt

Stablecoins: Banks Can Curb Their Growth Through Savings

Bitcoin: Should We Fear a Black Monday for Cryptocurrencies?

Let the Safest Assets Bear Losses First? A Counterintuitive New Approach to On-Chain Distribution

Google's Quantum Chip Achieves 99.99% Accuracy: What This Means for Bitcoin

Kraken's New Leader, After Acquiring European Bank, Aims to Disrupt the Crypto Market?









