Virtual reality allows users to interact with virtual environments through specialized equipment. Augmented reality incorporates virtual elements into the real world, like Pokémon Go. Mixed reality blends real and virtual objects. The document discusses how VR can be used in marketing to showcase products through immersive storytelling. It notes the VR industry is expected to grow significantly, and consumers prefer brands that use VR. Marketers are investing in VR due to advantages over traditional media. VR is being integrated into more areas like televisions and automation.