{"id":2285,"date":"2023-01-03T10:14:25","date_gmt":"2023-01-03T10:14:25","guid":{"rendered":"https:\/\/nft.runfyers.com\/index.php\/2023\/01\/03\/metas-metaverse-ambitions-continue-with-acquisition-of-luxexcel-nft-news-today\/"},"modified":"2023-01-03T10:14:25","modified_gmt":"2023-01-03T10:14:25","slug":"metas-metaverse-ambitions-continue-with-acquisition-of-luxexcel-nft-news-today","status":"publish","type":"post","link":"https:\/\/nft.runfyers.com\/index.php\/2023\/01\/03\/metas-metaverse-ambitions-continue-with-acquisition-of-luxexcel-nft-news-today\/","title":{"rendered":"Meta\u2019s Metaverse Ambitions Continue with Acquisition of Luxexcel &#8211; NFT News Today"},"content":{"rendered":"<p><\/p>\n<div data-id=\"1205c918\" data-element_type=\"widget\" data-widget_type=\"theme-post-content.default\">\n<div class=\"elementor-widget-container\">\n<p>Despite encountering losses in the billions, Meta isn\u2019t giving up on its Metaverse ambition. Last year, Reality Labs\u2019 Metaverse division <a href=\"https:\/\/nftnewstoday.com\/2022\/12\/19\/meta-reality-labs-loses-3-7-billion-in-q3\/\" target=\"_blank\" rel=\"noreferrer noopener\">lost over $9 billion<\/a> in its first nine months. Such losses and the change of direction for Meta as a company have dented investor confidence. And the company\u2019s stocks have suffered, having dropped 64% in the past year. Still, Mark Zuckerberg isn\u2019t about to give up on his Metaverse dream. He keeps pumping money into the project.<\/p>\n<p>The latest news is the acquisition of <a href=\"https:\/\/www.luxexcel.com\/\" target=\"_blank\" rel=\"noreferrer noopener\">Luxexcel<\/a>, a European company that deals in 3D-printed prescription lenses. The company should aid Meta\u2019s virtual and augmented reality (VR\/AR) efforts, two core technologies for the metaverse.<\/p>\n<p>The deal was initially reported by De Tijd, a Belgian newspaper; however, the details of the transaction are not known. And neither of the two companies involved has disclosed the numbers.<\/p>\n<p>In a statement, Ryan Moore, the head of financial communications at Meta Platforms, notes, <em>\u201cWe\u2019re excited that the Luxexcel team has joined Meta, deepening the existing partnership between the two companies.\u201d<\/em><\/p>\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\">\n<p>\n<iframe loading=\"lazy\" title=\"Luxexcel 3D printed lenses - enabling the smartglasses disruption\" width=\"696\" height=\"392\" src=\"https:\/\/www.youtube.com\/embed\/oc4HMtImgu8?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture\" allowfullscreen><\/iframe><\/p><figcaption class=\"wp-element-caption\"><em>Credit: Luxexcel YouTube Channel<\/em><\/figcaption><\/figure>\n<p>Luxexcel is yet to disclose the acquisition on its official website or social media accounts. The company is Dutch-based and began operations in 2009.<\/p>\n<p>It considers itself a pioneer in the 3D-printing business and owns several patents for the creation of prescription lenses. This goes for traditional and smart lenses.<\/p>\n<p>By acquiring Luxexcel, it\u2019s clear that Meta aims to make <a href=\"https:\/\/nftnewstoday.com\/2022\/12\/08\/7-ways-smart-glasses-will-accelerate-metaverse\/\" target=\"_blank\" rel=\"noreferrer noopener\">AR\/VR devices<\/a> more affordable for users. Luxexcel estimates that a huge chunk of the population uses prescription lenses. Therefore, smart eyewear appears suitable for individuals who seek to improve their vision.<\/p>\n<p>The acquisition comes at a time when Meta is facing scrutiny for its other actions. Recently, it acquired <a href=\"https:\/\/www.with.in\/\" target=\"_blank\" rel=\"noreferrer noopener\">Within<\/a>, a VR fitness company\u2014a move that has been contested by the FTC. The institution seeks to stop Meta from building a virtual reality empire by snapping up every early-stage project in the space.<\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/nftnewstoday.com\/2023\/01\/03\/metas-metaverse-ambitions-continue-acquisition-luxexcel\/?utm_source=rss&#038;utm_medium=rss&#038;utm_campaign=metas-metaverse-ambitions-continue-acquisition-luxexcel\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Despite encountering losses in the billions, Meta isn\u2019t giving up on its Metaverse ambition. Last year, Reality Labs\u2019 Metaverse division lost over $9 billion in its first nine months. Such losses and the change of direction for Meta as a company have dented investor confidence. And the company\u2019s stocks have suffered, having dropped 64% in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2287,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[9],"tags":[21],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/nftnewstoday.com\/wp-content\/uploads\/2023\/01\/Screenshot-2023-01-03-at-09.43.18.png","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/2285"}],"collection":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=2285"}],"version-history":[{"count":0,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/2285\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/2287"}],"wp:attachment":[{"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=2285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=2285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nft.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=2285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}