AltspaceVR closes its VR doors August 3rd

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AltspaceVR was the first successful social VR start-up. In a blog post today. AltspaceVR has decided to shut down AltspaceVR due to unforeseen financial difficulty. AltspaceVR had this to say:

"It is with a tremendously heavy heart that we let you all know that we are closing down AltspaceVR on August 3rd, 7 PM PDT. The company has run into unforeseen financial difficulty, and we can’t afford to keep the virtual lights on anymore. This is surprising, disappointing, and frustrating for every one of us who have put our passion and our hopes into AltspaceVR. We know it will probably feel similarly for you."

AltspaceVR had a supportive group of investors, and it looked like they may get a deal for the next round of funding, but it fell through. Some combination of the deal falling through and the general slowness of the VR market growth made most of the investors reluctant to fund them further.

AltspaceVR first appeared on the scene in 2015, long before Facebook social VR and pioneered social VR. It is sad to see them go and we wish the AltspaceVR folks good luck!

What about my photos and friends lists?

You can save all of your pictures and friends list by going to https://account.altvr.com/events and clicking “Friends” and “Photos”. Click CTRL + S on PC or CMD + S on Mac. Make sure it says “Webpage complete”. The full sized images will be downloaded.

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Author

Steven Paterson

Based in California. I am Scottish, I like Scotch and, oh yeah, a little VR too.

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