Facebook Spaces is a new virtual reality platform from the world's top social media company. Announced at F8, the company's annual developer conference, Spaces allows up to four people to interact in a VR world. You'll need an Oculus Rift headset to participate, though. If you don't have an Oculus you can still hang out in VR, but you'll exist as a video chat window. Those with the VR headset will be able to create a custom Facebook Spaces avatar using photos uploaded to the site.
Facebook Spaces gives users access to the company's full catalog of 360-degree photos and videos, meaning you can "hang out" almost anywhere on Earth. The service is undergoing a sort of soft launch and is in beta mode at the moment. It may be awhile for Facebook Spaces to truly take off given that people still need to purchase an extra gadget to fully experience it. Still, with this move Facebook has shown that it thinks VR is the next frontier for social media.