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Walmart’s technology incubator, Store No. 8, has announced a competition seeking virtual reality (VR) solutions from developers across the US, PYMNTS reports. The competition is looking for “ideas that have the potential to change the way we shop and live,” and offers winners funding for their initiatives, as well as the chance to partner with Walmart or Jet.com.
The company is positioning itself to be at the forefront of VR shopping applications. Consumers are already interested in the technology’s retail potential, with many hoping to use VR to avoid store visits and alter the sales assistant experience. But of those in a group of 500 top North American retailers who use VR, none believe it is working well. Walmart is likely…