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VR Social Networks

Facebook Spaces Lets You Hang Out with Friends Anywhere in the World

— April 19, 2017 — Tech
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.
Trend Themes
1. VR Social Networks - The rise of VR social networks presents opportunities for disruptive innovation in the virtual reality industry, allowing for new ways of socializing and connecting with people.
2. 360-degree Content - The demand for 360-degree photos and videos in virtual reality platforms creates opportunities for disruptive innovation in content creation and virtual experiences.
3. Soft Launch and Beta Testing - The trend of soft launching and beta testing VR platforms enables companies to gather user feedback and make improvements, leading to more refined and user-friendly experiences.
Industry Implications
1. Virtual Reality - The virtual reality industry has the opportunity to innovate and expand with the rise of VR social networks and the demand for immersive content.
2. Social Media - The social media industry can explore opportunities for disruption by integrating virtual reality platforms, allowing users to connect and socialize in new and immersive ways.
3. Content Creation - The demand for 360-degree photos and videos in virtual reality creates opportunities for disruptive innovation in content creation, providing unique and immersive experiences.
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