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Social gaming platform Rec Room, once valued at $3.5B, is shutting down

Rec Room, a social gaming platform once valued at $3.5 billion, is shutting down operations on June 1. The platform was known for its user-generated games and virtual experiences, representing a significant closure in the social VR/metaverse space.

Background

Rec Room was a popular social VR platform that allowed users to create and share games and virtual experiences, raising significant funding during the metaverse investment boom.

Source
TechCrunch
Published
Apr 1, 2026 at 02:05 AM
Score
7.0 / 10