Five years after buying Oculus for $2B, Facebook says VR is ready to take off. Here's what industry insiders think Facebook is finally getting right, and what's holding VR back.

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Beyond the flashy announcements, some developers and industry experts we spoke to are cautious to say that the time for VR has officially arrived.

Connect — Facebook's annual developer's conference for its VR business — it was impossible to escape the event's tagline: "The time is now." big announcements: Oculus Link, which lets owners of mid-priced Quest headset connect to a PC for high-end games; and new "hand tracking" technology that will eliminate the need for users to clutch special hand controllers.

From multiple executive speeches during Tuesday's keynote down to the branded, reusable water bottle handed out to conference-goers at check-in, Facebook wants its development community to believe that the time is indeed now for VR, and for augmented reality, to finally reach mass appeal. To make VR a more portable and approachable experience for consumers, Facebook also wants to do away with as much hardware as possible. To accomplish this, it said that starting in 2020, Oculus Quest users won't need controllers and can instead interact simply by using their hands — a feature called "hand tracking."

Of course, VR has been heralded as the next big thing since Facebook acquired Oculus for $2 billion back in 2014. I think there's still two years left before VR goes mainstream. The two years is based on Apple. They should be announcing something soon based on afrom the Vrvana company from Montreal. They are all putting it together. I can't wait to see what Apple will bring to the table. That will really be a gamechanger — it's consumer, it's their Apple ecosystem for AR and VR. That's a new dynamic. And that dynamic brings speed because the window is closing.

 

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No augmented reality is useful where you can see real world and information such as goggles to surgeon to see anatomy diagrams at same time sees patient. This is not just what Zuck wants you to see inside his goggles. Yuck Zuck ! Why would anyone trust the Zuck

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