Hi Everyone,
2023 was a year of major milestones for VirZOOM.
- We received and executed a grant on-time and on-budget to develop a Meta Quest 3 launch title: VZfit 3.0: Ring Racer. Ring Racer is the world’s first MR Exercise Game to use our patented and patent pending motion controls, and includes a novel use of the Quest 3’s high-res MR capabilities. Since launching VZfit 3.0 on Nov. 15, Installs are up 102% and the number of Active Monthly Users has grown by 182%.
- Total Quest store revenue from VZfit sales for the year was up modestly year-over-year, as expected ahead of the launch of the Quest 3 in October. Over the course of 2023, Meta saw VR revenues decline by 48% as users drifted away from the aging $299 Quest 2 platform, first launched in 2020. That all changed in Q4 2023 when Quest 3 at $500 and the Quest 2 discounted to $250 topped the list of popular holiday gift products. The Quest 2 reportedly outsold Xbox. We saw the growth in our numbers. The chart below shows the relative trend in VR platforms used by VZfit users, with the first increase coming from Quest 3 launch and the spike occurring over the final week of December, a 5x increase, trough to peak.
- We launched our exciting Google Earth for VR app FLY on Dec. 25. What began as an experimental cooperative project with Google in 2018 is now an app you can buy for $9.99 on the Meta Quest App Lab store.
Previously available on PC-based VR platforms as Google’s own Google Earth VR, FLY brings 38 million square miles of 3D earth image to the Meta Quest, for exploration and for the sheer joy of flying anywhere, from the ground up into space, using only your body movement for flight control. Since launching FLY less than two weeks ago, without marketing or advertising promotion FLY is already gaining traction, with hundreds of copies sold. Soon we’ll release an update to FLY that includes a dozen new features and improvements to make it even more appealing.
Many thanks to Wefunder investors who helped make these milestone achievements possible.
We have ambitious plans for 2024 and we’re considering a new crowdfunding campaign to fund them. With marketing and promotion to reach more of the millions of Quest users that are out there, FLY has the potential to generate significant revenue.
To gauge interest, we are running a testing the waters (TTW) campaign.
This is your chance to invest again in VirZOOM’s future. To learn more about our TTW campaign and to sign up for updates, please visit our website here.
Comments or questions on this update? Post them in the Comments section. We look forward to hearing from you!
Sincerely,
The VirZOOM Team
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