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Facebook takes on Sony’s Project Morpheus with Oculus VR acquisition

Facebook’s never ending quest to experiment with technology has always culminated into an element of surprise for its stakeholders and users.

After spending a whopping $19 billion on WhatsApp, Facebook has now revealed another of its startling acquisition – Oculus VR, the maker of Virtual Reality headset, for $2 billion. Oculus Rift is a virtual gaming headset, a flagship product of Oculus VR headquartered in California.

The social networking giant has already paid $400 million in cash and the rest in 23.1 million shares that are worth $1.6 billion. In addition to this, $300m have been pinned for future performance and achievements.

The CEO of Facebook, Mark Zuckerberg said on Tuesday, “Oculus has the chance to create the most creative social platform ever, and change the way we work, play and communicate.” Venturing into virtual reality, Facebook promises to proliferate the VR Technology to different industries from media and entertainment to education.

It was only in 2012 that Oculus VR had shown sparks by raising over $2 million to manufacture Oculus VR rift headset from a crowd funding site, Kickstarter. A year later, Oculus found its chief technology officer in John Carmack, the co-creator of the doom video series. So now, it’s all geared up to deliver the best virtual reality platform to the world.

Brendan Iribe, co-founder and CEO of Oculus VR said in a statement, “We are excited to work with Mark and the Facebook team. We believe virtual reality will be heavily defined by social experiences that connect people in magical, new ways. It’s a transformative and disruptive technology, that enables the world to experience the impossible, and it’s only just the beginning.”

See Also: Facebook buys WhatsApp for $19 billion: What does it mean?

From what has been learned about the product so far, Oculus Rift can completely transform the way video games are looked at. The Virtual reality wonder will give the gamers an insight into a more realistic world inside the game, it will empower the gamers to feel as if they’re inside the game. According to reports, the device is only expected to enthuse the gamers in 2015.

Over 70,000 of the developer versions of the VR headset have already been sold worldwide. So while the world awaits the Oculus VR to enthrall its gamers, many other companies like Sony are beginning to play the game of creating a VR wonder.

Mark Zuckerberg envisions a new way to communicate, where it will be enough to wear a pair of glasses to come face to face with other people. One way to live real experiences even at a distance, creating a world more open and connected.

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