Facebook acquired Oculus for $2 billion nearly a year ago and now we finally got the first hints regarding what it has in store for the virtual reality headset and why it felt VR was worth that much money for a social network.
In his keynote at the Code/Media conference at The Ritz-Carlton in Laguna Niguel, Calif., Facebook Chief Product Officer Chris Cox revealed that they are working on first party applications that would allow users to view, create and share their own virtual reality content.
"Have you used some of the film demos inside of VR? You realize, when you’re in it, that you’re looking at the future, and it’s going to be awesome," he said. "When you’re in Facebook, you’re just sending around these bits of experience — a photo, a video, a thought, [whereas VR allows you to send] a fuller picture."
When asked if users would be able to create their own virtual reality content Cox affirmed: "Totally. You’ll do it, Beyoncé will do it."
