Meta Unveils Revamped Metaverse World

MetaversePlanet July 30, 2023Last Updated: August 14, 2024

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As Meta’s VR platform navigates its growth trajectory, the company is shifting its focus towards developing a revamped version of the metaverse. The primary emphasis now lies on expanding the array of games and content available on Horizon Worlds.

Meta is determined to reshape the VR landscape within Horizon Worlds by introducing a broader selection of video games, aiming to appeal to a larger audience.

Horizon Worlds, a free social network set in virtual reality where users can create avatars and interact with fellow gamers, has incurred significant costs for Meta’s Reality Labs division, amounting to tens of billions of dollars to date.

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Metaverse is Undergoing a Revamp

In a move to enhance the appeal of Horizon Worlds, Meta has launched an internal studio named Ouro Interactive, dedicated to developing proprietary virtual reality games, as stated by Vishal Shah, Vice President of Metaverse at Meta. The studio’s debut VR shooter, Super Rumble, has recently been revealed and reportedly offers improved graphics and precision compared to other VR games created on Horizon Worlds.

Shah confirmed that this video game will be one of the initial VR games Meta plans to test upon the release of the mobile version of Horizon Worlds. Shah referred to it as “the next generation of Horizon Worlds,” emphasizing, “This is definitely more than just a new world.”

Pivotal Moves for Horizon Worlds

Shah elaborated that as Meta develops new Horizon Worlds, it will introduce more video games. He further explained that Meta’s VR platform has been revamped to accommodate higher-quality and more intricate games, as well as to offer additional tools for third-party developers.

Additionally, with the introduction of the mobile version of Horizon Worlds, the app is expected to serve as a bridge between smartphones and Meta’s Quest VR headsets.

The overhaul of Horizon Worlds aligns with Meta’s recent earnings report, which disclosed that the company’s Reality Labs division generated $276 million in revenue but incurred $3.7 billion in operational losses.

Since the beginning of 2022, the Reality Labs division has accumulated losses exceeding $21 billion. The total loss of the unit, established in 2020, now surpasses $40 billion.