Metaverse is being renewed
To make Horizon Worlds more compelling, Meta now has an in-house studio called Ouro Interactive focused on making first-party virtual reality games, said Vishal Shah, Vice President of Metaverse at Meta. The studio’s first VR shooter, Super Rumble, was also released the other day and reportedly features better graphics and accuracy than other VR games built on Horizon Worlds.
This video game will also be one of the first VR video games that Meta plans to test when it releases the mobile version of Horizon Worlds, Shah said. “This is definitely more than just a new world,” Shah said, referring to it as “the next generation of Horizon Worlds.”
Critical steps for Horizon Worlds
Horizon Worlds’ refresh comes during Meta’s latest earnings report, which showed the company’s Reality Labs units posted $276 million in revenue and $3.7 billion in operating losses. The Reality Labs unit has lost over $21 billion since the start of 2022. The total loss of the unit, which was established in 2020, is over $ 40 billion.