Facebook owner Meta has launched a virtual reality (VR) subscription service as it tries to make that part of its business profitable.
Meta says paying users will get access to two new games a month.
For the first three months of the year, the parent company of Instagram saw a $4 billion (Sh561.8 billion) loss at its VR unit. Meta faces competition from firms including technology giant Apple, which unveiled its highly anticipated mixed-reality headset this month.
Annual subscription
On Monday, the company said the Meta Quest+ service, which costs $7.99 a month or $59.99 for an annual subscription, was compatible with its Quest 2, Quest Pro and upcoming Quest 3 headsets.
In 2021, Meta chief executive Mark Zuckerberg unveiled plans to build a “metaverse” - an online world where people can play games, work and communicate in a virtual environment, often using VR headsets.
“Over time, I hope that we are seen as a metaverse company and I want to anchor our work and our identity on what we’re building towards,” Zuckerberg said.
