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Virtual reality isn't precisely a democratic medium at this point, for either the people producing or the people consuming it.But its class system is unstable and at times contradictory.New Frontier's selections can be divided loosely into experiences for a plethora of cheap mobile headsets, and ones for the few high-end Oculus Rift and HTC Vive stations that line the gallery walls.The former category is what's usually described as "VR for the masses," and you don't even need to be at Sundance to see several pieces — they're already available through Samsung's Gear VR and Google Cardboard, which is so cheap it's handed out for free during advertising campaigns.

In 2016, it's a de facto sub-festival that feels like an extremely highbrow VR meetup, complete with crowded couches full of people passing around headsets alongside the hors d'oeuvres.

Virtual goods are a maturing multi-billion dollar industry in China, but we believe virtual goods in social games are just beginning their takeoff.

Happy Farm by Chinese developer Five Minutes is China’s most popular social game, and is seeing around 23 million daily active uniques (DAU is the number of users who log in within a single 24 hour period, and currently the most accurate indicator of users’ engagement with a given application).

The companies fit into one of six categories: commercial and industrial applications, content (which includes education and gaming), discovery and distribution, social, hardware, and infrastructure & tools.

Many of the companies in this study fit across multiple categories but were categorized them on their main offerings.

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In fact, China’s biggest internet media company, Tencent, recently revealed that “internet value-added services,” or virtual goods, made up 78% of the company’s total revenue for Q3 2009. virtual goods industry is available through the research report Inside Virtual Goods: The Future of Social Gaming 2010.

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