ByteDance makes another move into metaverse with acquisition of VR start-up Pico Interactive

ByteDance, the Beijing-based maker of short video platform TikTok, has made another move towards creating its own metaverse with the acquisition of virtual reality (VR) start-up Pico Interactive.The company said that Pico Interactive’s software and hardware, as well as its talent and expertise, will support ByteDance’s “entry to the VR space and long-term investment in this emerging field”.“We are optimistic about the future of VR and its alignment with our mission,” said a ByteDance…