{"id":22593,"date":"2023-07-29T01:10:59","date_gmt":"2023-07-29T01:10:59","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/metas-metaverse-to-benefit-from-new-ouro-interactive-initiative\/"},"modified":"2023-07-29T01:10:59","modified_gmt":"2023-07-29T01:10:59","slug":"metas-metaverse-to-benefit-from-new-ouro-interactive-initiative","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/metas-metaverse-to-benefit-from-new-ouro-interactive-initiative\/","title":{"rendered":"Meta’s Metaverse to Benefit from New Ouro Interactive Initiative"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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Meta is forging ahead in its mission to reinvigorate its Horizon Worlds platform. The technology giant plans to do so by launching Ouro Interactive, a new VR game studio, despite significant second quarter losses amounting to $3.7 billion. Despite such challenges, CEO Mark Zuckerberg firmly asserts his commitment to Meta\u2019s AI and metaverse development.<\/p>\n

Ouro Interactive is born out of Meta\u2019s dedicated effort to renew Horizon Worlds and bounce back from significant losses. They aim to rekindle consumer engagement in the metaverse, which has seen a recent decline.<\/p>\n

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In a revealing interview, Meta\u2019s metaverse VP Vishal Shah detailed the company\u2019s approach towards revamping their metaverse offering. Shah mentioned the development of novel, first-party titles through Ouro Interactive. The goal is to utilize cutting-edge technology to deliver \u201cmuch better-looking and immersive experiences,\u201d as experienced by the newsletter\u2019s author during a test run of \u201cSuper Rumble,\u201d a new title from the studio.<\/p>\n

\u201cThrough Ouro Interactive, we\u2019ve elevated the standard of what can be created in Horizon in terms of visual sophistication, interaction, and entertaining gameplay,\u201d Shah stated.<\/p>\n

According to Shah, Meta is also strategizing to tap into the potential of billions of mobile gamers worldwide. The objective is to extend Horizon Worlds to app stores, however, the timeline for this expansion remains undisclosed. Emphasizing cross-platform play, Shah hopes the mobile version will serve as a stepping stone for non-VR headset owners, slowly shifting Horizon Worlds from being solely VR to primarily VR.<\/p>\n

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Throughout the past year, Horizon Worlds has been concentrating on accommodating more complex games and enabling developers to incorporate assets using external tools. Simultaneously, they\u2019re also investing in generative AI technology to simplify user world-building without requiring professional 3D rendering skills.<\/p>\n

Shah further added, \u201cThis expansion represents more than just a new world. It signifies the next phase of Horizon Worlds.\u201d<\/p>\n

Reiterating Meta\u2019s commitment to AI and metaverse, Zuckerberg underscored the critical importance of these fields during an earnings call. He acknowledged their relevance as \u201coverlapping and complementary\u201d priorities.<\/p>\n

\u201cThe Horizon team is presently concentrating on user retention, and we\u2019re seeing substantial improvements in this regard,\u201d he revealed. He also noted enhancements in avatar technology, further linking Meta\u2019s mobile apps with their VR and mixed reality experiences.<\/p>\n

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Despite these strides, Meta recorded a Q2 2023 operating loss of $3.7 billion in its Reality Labs division, the unit behind the Quest VR headsets and Horizon Worlds platform. A press statement from Meta predicts the Reality Labs\u2019 operating losses may escalate in 2023 due to continuous product development.<\/p>\n

While Meta continues to experience substantial losses in its metaverse endeavors, it remains resolute about the prospective returns. In 2021, Meta\u2019s metaverse operations reported a hefty $10.2 billion<\/a> in losses.<\/p>\n<\/p><\/div>\n

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(Originally posted on : Crypto News – iGaming.org ) Meta is forging ahead in its mission to reinvigorate its Horizon Worlds platform. The technology giant plans to do so by launching Ouro Interactive, a new VR game studio, despite significant second quarter losses amounting to $3.7 billion. Despite such challenges, CEO Mark Zuckerberg firmly asserts […]<\/p>\n","protected":false},"author":5,"featured_media":22594,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22593"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22593"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22593\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22594"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}