‘Virtual Reality May Just Be the Next Best Thing’ Xbox Co-Founder Agrees

By Kevin Panganiban , Updated Nov 28, 2016 05:23 AM EST

3D Gaming may just be a thing of the past as the gaming industry is slowly moving to the virtual world, and Otto Berkes couldn't agree more. Otto Berkes is one of the pioneers who has been pushing the gaming industry for the past several years. Along with Seamus Blackley, Ted Hase, and Kevin Bachus, Berkes founded the Xbox in 1998.

It was back in 2002 when Sony had released its very first PlayStation model while it was developing PlayStation 2. Then the first Xbox came out in 2001, built with great graphics and fast processing speed. Both the Xbox and the PlayStation consoles were considered as two of the most popular gaming consoles that time and both are still head to head as the gaming industry is about to enter yet another golden age.

According to CNBC, Juniper Research estimated that hardware revenue from VR headsets, 360-degree cameras, and peripheral headsets will reach more than $50 billion by 2021, which is higher by tenfold from an earlier estimate of $5 billion sales this year alone. Sony has recently released its PlayStation VR headset a month ago while Xbox's VR headset is expected to be released in 2017.

Otto Burkes still feels hopeful about the gaming industry, although he feels that the technology is still in its early years and still with its limitations. He feels that the interaction should be more natural as there is still a bit of disconnect when players put on the headset. The actual implementation is great, but the sensation still feels different. The visual and auditory aspects of Virtual Reality is great, but it still lacks a few pieces in interaction which does require a lot of work.

According to CNET, Oculus has been the leader in the VR market since the beginning of last year. It even invested at least $75 million from Andreessen Horowitz, which is the leading venture capital firm.

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