Microsoft closes the virtual social network AltspaceVR

Microsoft plans to shut down the virtual social platform AltspaveVR, which it acquired in 2017. The announcement was published on the website of the platform developers. This is happening against the backdrop of more than 10,000 employees being laid off due to the "economic crisis."

Here's What We Know

In 2015, AltspacwVR became one of the first virtual social networks along with VRChat and Rec Room, but in 2017, the startup started to go badly and Microsoft's purchase of it looked like a "lifeline". Microsoft itself did this for the sake of its own goals of creating a mixed reality ecosystem.

"We look forward to what is to come, including our launch of Microsoft Mesh, a new platform for connection and collaboration, starting by enabling workplaces around the world,” AltspaceVR writes in its announcement. “In the near-term, we are focusing our VR efforts on workplace experiences, learning from and alongside our early customers and partners, and ensuring we deliver a foundation that enables security, trust and compliance. Over time, we hope to extend to consumer experience a[s] well." Over"We look forward to what is to come, including our launch of Microsoft Mesh, a new platform for connection and collaboration, starting by enabling workplaces around the world,” AltspaceVR writes in its announcement. “In the near-term, we are focusing our VR efforts on workplace experiences, learning from and alongside our early customers and partners, and ensuring we deliver a foundation that enables security, trust and compliance. Over time, we hope to extend to consumer experience a[s] well."

Source: The Verge