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Oculus has its eye on building an MMO with one billion people

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Oculus VR has big plans for its future, including the possibility of a massively multiplayer online game that can simultaneously support one billion people, CEO Brendan Iribe announced during technology conference TechCrunch Disrupt NY 2014.

According to Iribe, the VR MMO would require "a bigger network than exists in the world today," but Facebook is a good start. The outlandish goal would be possible in part thanks to Oculus' deal with Facebook; Facebook acquired the company in March for $2 billion. At the time, founder Palmer Luckey told Polygon the product would be of higher quality and at a better price as a result.

Before the MMO is possible, however, Oculus wants to convince people they're having "real" conversations with people — it's the company's "holy grail," he said.

Oculus will remain committed to games, Iribe said, but doesn't want to limit its potential reach.

"Do you want to build a platform that has a billion users on it, or only 10, 20, or 50 million?" he said.

You can watch the full stream from Disrupt NY on TechCrunch.