Facebook Sets Up $150 Million Fund For Educational Virtual Reality Experiences

Image via Chinnapong / Shutterstock.com

As part of its expansion into the metaverse, Facebook is looking to invest up to US$150 million over the next three years into creating virtual reality (VR) experiences that can be used for education.

According to Engadget, a portion of the money will go towards funding augmented and virtual reality creators, so they can come up with more designs and innovative ideas.

Going forward, Facebook will partner with Unity to offer lessons on how to create educational content at nonprofits and institutions. It will also be working with historically Black colleges and universities to create immersive teaching tools for their curriculum.

As part of its plans, the firm will help increase the public’s access to educational VR experiences. Wider access would allow more students to be able to enjoy these new educational tools and provide a wider market for more of such innovations.

“VR isn’t all fun and games. If you’ve ever traveled the world with Wander, explored Japan with Tokyo Origami, or admired the heavens in Titans of Space PLUS, then you know that VR can be a powerful tool for education as well,” said Oculus Vice-President, Mark Rabkin.

“A lot of work exists between where we’re at now and where we see the metaverse in the future. We’re excited, and we hope you’ll come with us on the journey.”



[via Engadget, cover image via Chinnapong / Shutterstock.com]