- Sep 20, 2021
Bytedance has set foot into virtual reality with acquistion of Pico
The Chinese tech colossal, Bytedance is second to none when it’s pertaining to short video making app. The tech giants own TikTok, Helo, Vigo video, Buzz video, and Rezo. Remarkably we could say that TikTok made Bytedance stand in the gleaming podium despite the fact that the app has been banned in some countries, including India. Apropos of this, recently, Bytedance has set foot in virtual reality (VR) buttoned up by accession of virtual reality expert headset.
Pico is a Chinese-based tech startup that has been producing sterling products since its launch in 2015. In addition, Pico was the third far-reaching VR headset and hardware maker universally in the first half of 2021, with an incredible shipment percentage growing drastically year-long.
Furthermore, the Chinese tech giant Bytedance did not reveal the actual give-out. Still, they mentioned in an announcement that an “all-embracing set of both software and hardware mechanization, besides the savvy team with a pearl of extraordinary wisdom in technology, would make our immense entry to the VR world. Bytedance is gazing around the corners of the techs to enlarge their tech platforms by branching out in new emerging media. In March, the company obtained a gaming studio named Moonton for a delineate $4 billion, so we could say that Bytedance is looking for a gigantic expansion in a tech forum.
The acquisition of Pico by Bytedance could be a mineshaft in opposition to the Oculus VR division, which the mighty Facebook owns. Apple acquired NextVR, a virtual reality organization that seemingly Apple could work on its VR headset and hardware. Apple confirmed that it had acquired NextVR, a startup that creating sports virtual-reality headsets. The acquisition would help Apple’s development of VR and AR headsets with accompanying software and content.
“We are optimistic about the future of VR and its alignment with our mission,” a ByteDance spokesperson said.