philip lelyveld The world of entertainment technology

VR LEAPS INTO THE DISRUPTIVE PHASE

In 2016, combined venture investments in VR, AR, and mixed reality (MR) exceeded $1.25 billion. In 2019, that number increased more than 3X to $4.1 billion.

And today, major players are bringing new, second-generation VR headsets to market that have the power to revolutionize the VR industry, as well as countless others.

Already, VR headset sales volumes are expected to reach 30 million per year by 2022. For example, Facebook’s new Oculus Quest 2 headset has outsold its predecessor by 5X in the initial weeks of the product launch. 

With the FAANG tech giants pouring billions into improving VR hardware, the VR space is massively heating up.

In this blog, we will dive into a brief history of VR, recent investment surges, and the future of this revolutionary technology.

See the full blog here: https://www.diamandis.com/blog/vr-disruptive-phase?utm_campaign=Tech%20Blog&utm_content=149495516&utm_medium=social&utm_source=facebook&hss_channel=fbp-508209262538427&fbclid=IwAR20k1KEQPxfmdRk3g5e8nsxbRwCkjRI_VCZO_7WxS27xg5rPZVWq8P3zG8