The most famous VR social network is abruptly shutting down
AltspaceVR, the virtual reality social network that has hosted everything from stand-up comedy to presidential debate-watching parties, is shutting down next week. The community announced “with heavy hearts” last night that AltspaceVR would be closing August 3rd at 10pm ET, after “unforeseen financial difficulty.”
Spokesperson Gerard Gottheil provided more detail in an email to The Verge and other outlets. “We had a supportive group of investors that last gave us money in 2015. It looked like we had a deal for our next round of funding, and it fell through,” he said. “Some combination of this deal falling through and the general slowness of VR market growth made most of our investors reluctant to fund us further. We’ve been out…
