Mojo Vision and Menicon announce a joint development agreement on Smart Contact Lens products. The partnership hopes to focus on each company's expertises, dealing with contact lens materials, fitting, cleaning, and other topics. Mojo Vision is currently developing the first AR contact lens, called Mojo Lens. Snap hosts Lens Fest this week, a public global AR festival to support AR creators and developers. The location-based VR company, which had a Star Trek: Experience and in-house developed games, filed for Chapter 11 bankruptcy in August.

Source: Forbes December 11, 2020 15:37 UTC