What about augmented reality?
Augmented reality (AR) involves superimposing graphics
over a view of the real world, such as a cellphone's camera
or the prism display of Google Glass. Since Oculus Rift lets
you see only a 3D world, and not the real world, it can't do
AR. However, the execs at Oculus VR have said that maybe
one day, they will add cameras to the goggles, allowing you
to see the real world when you're not in a game. Such a
setup would let you add three-dimensional graphics on top
of the camera feed and allow for augmented reality.
Considering what Rift creators have indicated in the past,
this is not likely to happen with the first consumer version.
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