Even though not everyone believes virtual reality will succeed in a major way, things are slowly heading in the right direction.Boost VC Founder Adam Draper feels a bright future lies ahead. That is a very interesting statement considering VR has not seen any major growth whatsoever. However, things can turn around at any given moment, that much is rather evident. If Boost VC isn’t giving up on this industry, neither should anyone else.
What is Next for Virtual Reality?
No one can deny VR headset sales have not produced any big results. While it is true Samsung and Sony make a big impact, the rest of the industry is lagging behind quite a bit. According to Boost VC founder Adam Draper, that is only a temporary setback which will eventually be resolved. Now is the perfect time to invest in virtual reality, according to Draper.
While it is true the Boost VC Founder may be in a more comfortable position to make such claims, he also has a track record of being absolutely correct. More specifically, he is investing dozens of companies working on VR, AR, Bitcoin, and blockchain technology. Although virtual reality has not yielded any big successes just yet, it evident things will turn around eventually. Quite a few decent games are currently in development, sports content is coming to VR, and the app experiences are becoming of higher quality as we speak.
To put this into perspective, the next Boost VC accelerator tribe is comprised of VR companies first and foremost. Seven in ten startups are active in the world of virtual reality technology. This goes to show there are still hundreds, if not thousands, of possibilities waiting to be explored in this particular industry. Although it remains to be seen what will come of such efforts, things are looking good overall. We are only just getting started as far as VR is concerned, that much is certain.
Do keep in mind a fair few VR-related projects will effectively fail in the end. That is true for any specific industry in the world today, as there are a lot more companies who fail than succeed. The same logic applies to the VR industry, for obvious reasons. It will be interesting to see if Adam Draper is right in his enthusiasm. Virtual reality certainly is a very interesting industry that will not go away overnight by any means.
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