What's Facebook bought this time? Why, only the latest and greatest advancement in virtual reality: Oculus Rift.
Oculus Rift, a virtual reality gaming headset, immerses the player into a virtual 3-D world. The player can look around and move through the virtual reality without ever leaving a chair.
There were rumors that Minecraft was going to be adopted for Oculus Rift, but in the wake of Facebook's purchase that project has been put on hold.
Zuckerburg has big plans for Oculus Rift.
"But this is just the start. After games, we're going to make Oculus a platform for many other experiences. Imagine enjoying a court side seat at a game, studying in a classroom of students and teachers all over the world or consulting with a doctor face-to-face — just by putting on goggles in your home.
This is really a new communication platform. By feeling truly present, you can share unbounded spaces and experiences with the people in your life. Imagine sharing not just moments with your friends online, but entire experiences and adventures."
So, will Facebook's deep pockets cripple the gaming industry? Or will it be an encouragement to other companies to get a piece of the virtual reality pie? Gizmodo has the rest of the story.