August 16, 2017

AltspaceVR, the virtual reality social network that first launched in 2015, announced back in late July it would be shutting down operations on August 3 due to “unforeseen financial difficulty.” However, it looks like that announcement was a bit premature. The service is still up and running while its executive team searches for new funding to keep AltspaceVR online permanently.

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August 9, 2017

In a blog post this week, AltspaceVR stated that the service’s community members have helped a small group of its team to keep it running past its originally announced shutdown date. It added that it is currently in “deep in discussions with others” to make sure that AltspaceVR stays operational. One of the people who might be involved in this process is Palmer Luckey, the former co-founder of Oculus. In late July, he asked his Twitter followers if he should step in to save AltspaceVR. So far, he has yet to officially announce his involvement.

Since the service launched, AltspaceVR has added features such as FrontRow, a series of live events where people could watch VR performances from people like Reggie Watts so everyone feels like they have a “front row” seat. The service has also added integration with the business-focused chat service Slack, so that people could meet up and chat in one VR room.

At the moment, AltspaceVR says it has about 35,000 active monthly users. That’s a fraction of what other social networks currently have, and it will take a lot of effort, and a lot of money, to increase those numbers. Hopefully, that will happen soon so that the service can avoid shutting down forever.

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