Facebook may be developing a virtual reality video app

It is still unclear if or when the app, still in the early stages of development, will become generally available, but it will reportedly be compatible with both Apple and Android devices. The format of the app will allow users to change their viewing perspective simply by tilting their phones.

Facebook has been focusing more on virtual reality ever since it bought Oculus Rift for $2 billion in 2014.

Sparking excitement, new reports suggest Facebook is bringing virtual reality to mobile phones through a standalone app. Till now, Facebook has not disclosed anything officially and has declined to comment on the rumors.

Over the last three decades, the publicity around virtual reality has been removed and decreased.

Analysts further estimate that the possibility of in-app purchases of games, subscriptions, and other value-added content will net Facebook around $75-100 million.

The CEO of Facebook, Mark Zuckerberg, has been saying that the virtual reality is the next big thing to happen in the social media platform.

Spherical video is already being adopted for a number of purposes, in particular for tourism, sports and entertainment, Mitham said.

This new app will help extend Facebook’s presence in virtual reality beyond Oculus and open up the technology to a wider audience. Ealier this year at the F8 developer conference, they have presented spherical videos for News Feed which will be compatible with VR headsets especially Facebook’s Oculus Rift. He said that user could move around with the video and view it from many angles. This will be a standalone app that all Facebook users can make use of through their phones. You’ll be able to see your own body when you look down and port the real world into VR, so you can, for instance, pick up your coffee cup or use your computer and mouse without taking off your headset.

And, even though virtual or augmented reality devices haven’t exactly been adopted by the masses (RIP Google Glass) most techy type still find themselves intrigued by the possibilities of where virtual reality can take us.