Virtual, mixed, and augmented reality are emerging technologies that differ in their immersiveness and blending of real and virtual objects. Virtual reality is fully immersive, mixed reality blends real and virtual objects, and augmented reality enhances the real world. Major tech companies like Facebook are investing heavily in virtual reality through acquisitions like Oculus, while augmented reality has applications for real estate, design, and social media. Though still early, virtual and augmented reality show promise for both consumers and creators and will continue to evolve and impact many industries in innovative ways.