Following the announcement of its closure, Altspace VR is still open. I’d actually been holding off on this since Ciaran Laval first drew my attention to the news on August 16th, in case further details were forthcoming.
As I noted towards the end of July, the company had been planning to close shop on August 3rd. However, following the closure announcement, the company apparently received an outpouring of support – and with it, apparently the means to say open. This prompted an announcement on August 15th that the platform would be continuing:
It has been a roller coaster of a ride for our team and our community since we announced that AltspaceVR was coming to an end. We are elated to follow-up that dismal proclamation with some very good news: AltspaceVR is going to live on…
Thanks to that outpouring of support, we’re now deep in discussions with others who are passionate about AltspaceVR who want to guarantee that our virtual oasis stays open. We feel confident saying to our community that you don’t need to find another place to meet your friends in virtual reality. AltspaceVR is not closing down.
It’s not clear on exactly with whom the company has been in discussion – and that’s primarily the reason I’d been holding back on covering the news, lest further information was forthcoming on this matter. However, speculation following the announcement is the Oculus Rift co-founder Palmer Luckey may be involved in trying to maintain the company’s viability. He tweeted a poll following the news of the company’s intended shut-down, asking followers if he should step in. He then re-tweeted the news that Altspace VR would remain open, which further stoked speculation of his involvement.
Techcrunch were perhaps the first news outlet to cover the evolving situation, with writer Lucas Matney noting:
It’s honestly unclear what to make of the sudden shutdown and un-shutdown announcements and whether they were just efforts to grab attention and put together a last-minute deal, but it is apparent that AltspaceVR still has their work cut out for them as they look to carve out a niche in a crowded social VR space that still has Facebook to compete with.
He goes on to note that sources close to the company indicated that it had laid off several of its employees and had shut down the majority of its servers. However, the AltspaceVR clients all remain available for download, and the platform can be accessed and used (they’ll be hosting a solar eclipse event on Monday, August 21st as well).
Whatever the future of AltspaceVR, given its high-profile nature, the turmoil surrounding its survival highlights the risks associated with virtual reality when reliant on venture capital – and the benefits of being self-financed, as is the case with platforms such as Sansar – which is not so say there are no other risks involved in building a “social VR environment”.