Meta acquires Luxexcel for “Metaverse” projects

Mark Zukerberg-led  Meta has bought Luxexcel, a developer of 3D smart glasses based in the Netherlands. This move has come after Meta showed interest in doubling down on its ambition of the metaverse in 2023,

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

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

“We’re excited that the Luxexcel team has joined Meta, deepening the existing partnership between the two companies,” Meta said in a statement.

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