There have been 3 successful iterations of the web so far, and many attempts at creating the next one... Web 1: static pages you access via desktop browsers Web 2: programmable pages you access via desktop browsers Web 3: programmable apps you access via mobile devices
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Isn't VR already a story of modest success? 3D cinema was a failure, VR sets are not common (wrt smartphones they are negligible). VR has applications and can be fun for someone. But so many are not able to watch 3D illusion for hours without problems.
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