Pico terminates the Beat Saber competitor project and initiates the dismissal of the developers. - UploadVR

Pico has cancelled its game title, Blitz Rhythm, and laid off developers, raising doubts about its future in the VR industry. The cancellation comes after beta tests, public demos, and a recent meeting with players. This adds to the uncertainty surrounding Pico's VR headsets and aligns with recent layoffs. Pico's CEO explained that their industry growth expectations were too optimistic. The company plans to focus more on hardware and core technologies, potentially competing with Apple Vision Pro for their next headset. Pico is also shifting its funding towards controller-free hand tracking. Further updates on Pico's direction are expected soon. Please visit the source for the full story.

Source: https://www.uploadvr.com/pico-beat-saber-competitor-cancelled/