AltspaceVR Closes

Published by , July 31, 2017 1:18 pm

(Wired)  Altspace tweeted the unexpected news last week: ”It is with tremendously heavy hearts that we must let you know that we are closing down AltspaceVR very soon.” The site had been unable to close its latest round of funding, it elaborated in a blog post, and will be shuttering.
Altspace occupied different cultural ground. It was among the first companies to recognize that VR’s true power wasn’t in games or pointless escapism, but in other people. And now it’s gone. Altspace might be the highest-profile casualty so far of the gotta-fund-’em-all VR gold rush this time around, but it won’t be the last. While it may not have lived to be a titan, it will always be a pioneer in social VR.

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