As a part of Facebook's ongoing efforts to puch forward the VR technology, facebook has recently acquired VR audio company Two Big Ears. With this acquisiton, ‘Facebook 360 Spatial Workstation‘ made its debut so that developers are helped with tools to further develop AR and VR solutions, apps and services that they are already working on.
This acquisition will not only improve the VR and AR platform,but will also empower the developers to include and seamlessly integrate these latest technologies in their projects. Facebook technologies is limited to its own platform, but Two Big Years maintains that its technology will not be device or platform dependent. It plans to be cross platform.
Before acquisition, Two Big Years provided their tools and services as paid products. But now they will be winding their paid product solutions in 12 months.