Facebook's F8 developer conference: Everything you need to know

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Hanging Out with friends in Virtual reality: Facebook is beta testing a new social VR product called SPACES that lets users create an avatar and meet with other users' avatars in a digital world. "We have a lot of work and we will keep doing all we can to prevent tragedies like this from happening", Zuckerberg said. Well, the camera is the first AR platform that has new AR features that will be baked into Facebook's apps as camera options, with Zuckerberg showing off virtual images popping up off of the breakfast table.

"Even if we were a little slow to add cameras to all our apps, I'm confident that now we're going to push this augmented reality platform forward", he said.

Standing in front of a packed arena and whilst being watched by millions around the world, Zuckerberg explained how Facebook is making the camera the first augmented reality platform. According to reports, the company was just laying the background for its Camera Effects Platform.

'That's where the magic of virtual reality comes in. AR studio is a tool that will enable the developers to create and develop what they want. With Spaces, Facebook is aiming to fill that gap.

Facebook Spaces has a tonne of features for friends to hangout in a virtual universe - naturally there's a selfie stick so your avatar can even take a picture of itself. The company has already released the beta version of the app, which can be downloaded from Oculus Store.

'Today, we're introducing a new VR app where you hang out with friends in a fun, interactive virtual environment as if you were in the same room'.

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As of now, Oculus users can begin by selecting their photos for VR experiences.

There, he also expanded on the ambitious ten-year master plan that Facebook unveiled previous year, of which a major component was developing a viable augmented and virtual reality business.

Facebook was not mindlessly copying Snapchat with its recent update on its various platforms such as Facebook Messenger, Instagram and WhatsApp. The networking site has come a long way from being a platform for students to share photos of each other to becoming a full-fledged platform for entrepreneurs to generate revenues for their companies.

Developer Circles is a group program that brings together developers in local areas to not only build together but also connect and learn from one another. ALSO READ: Sure, Facebook Messenger crosses 1.2 billion monthly active users, but what next?

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The new Chat Extensions for Messenger which will also help businesses improve their operations.

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