Meta acquires Luxexcel, a developer of 3D smart glasses.

Meta acquires Luxexcel | As it doubles down on its ambition of the metaverse in 2023, Meta (formerly Facebook) has bought Luxexcel, a developer of 3D smart glasses based in the Netherlands.

According to The Verge, Luxexcel can incorporate the projectors and holographic film necessary to create an augmented reality (AR) experience inside a prescription lens.

However, Meta did not reveal how much it paid to buy the business.

In a statement, Meta claimed that the addition of the Luxexcel staff would strengthen the relationship between the two businesses.

Prescription lenses made by Luxexcel in 3D printing can be put into AR glasses.

The business joined forces with WaveOptics in 2021 to supply the displays for Snap’s Spectacles.

In the meantime, Meta had intended to discontinue its two undisclosed wristwatch projects, as well as its video calling smart display, or “Portal,” as the business cut 11,000 workers.

The new high-end VR headset will give high-resolution mixed reality to integrate virtual things into the physical environment surrounding the users, Meta Founder and CEO Mark Zuckerberg stated during the company’s earnings call. In the next years, Zuckerberg stated, “our goal for the Quest Pro series was to enable more and more people to get their job done in virtual and mixed reality even better than they could on PCs.”

However, according to reports, Meta is having trouble attracting and retaining users on Horizon Worlds, its greatest wager to realise its $10 billion metaverse ambition.