As the hype around the metaverse craze fades, the future of virtual reality technology remains uncertain. Despite efforts by tech giants like Meta (formerly Facebook) and Sony, VR headset sales have yet to take off due to its high cost of entry. While the gaming industry has made significant strides in utilizing VR technology, it has yet to find its footing in other fields like education and social media.
Meta, which has invested heavily in its Reality Labs metaverse division, reportedly lost $13.7 billion in 2022. The company’s Oculus Quest 2 remains one of the more affordable VR headsets on the market at $400, but it still comes with a hefty price tag. Sony’s upcoming PlayStation VR 2 has garnered some critical acclaim but is also priced higher than the PlayStation 5 console itself.
Despite the challenges, VR technology continues to evolve, and there is still potential for it to become more accessible to the masses. However, it remains to be seen if VR tech will ever truly hit the mainstream.