Latest / Venice Beach News Today | 2 Min News | The Daily News Now!
Innovate Corp Shelves VR Dream | Venice Beach News
Innovate Corp just canceled its billion-dollar VR project, signaling a major shift in the industry as hype gives way to reality. Once seen as the future of immersive tech, the metaverse wave has faded, forcing companies to reassess priorities. While the team behind this ambitious venture feels the sting of shelved dreams, Innovate Corp isn’t abandoning VR entirely — just pivoting toward more practical, niche applications. This move underscores that even with deep pockets and cutting-edge tech, success isn’t guaranteed — and the VR landscape remains unpredictable, shaped by consumer demand and…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.