Two whole new entertainment mediums have entered the world stage in the forms of virtual reality (VR), where users are transported into a virtual space through the use of a head-mounted device (HMD), and augmented reality (AR), where virtual elements are superimposed on top of a display showing the real world. For the sake of brevity, these two terms are often combined into the singular term – extended reality (XR). There is also Mixed Reality (MR) (also known as Hybrid Reality (HR)), where an application mixes the real and virtual worlds together; this encompasses all of the previously mentioned formats, while also including AR, where real-world objects are scanned and superimposed inside a mostly virtual world.
The markets for these media formats have sprung up very fast and are continuing to grow rapidly, with huge investments...
