AR/VR Weekly: RIP, Altspace

Social virtual reality — online spaces where you can interact with others using VR headsets such as the Oculus Rift or the Samsung Gear — is at the forefront of innovation in this growing but still young sector. But one of the most important companies working in this space is shutting down even as we’re seeing expansion in other places.

Last week, Altspace announced that it’s winding down. GamesBeat’s Dean Takahashi dove into what this means. But what I find so interesting is that, just as one important player shuts down, we had a number of positive stories about VR’s — and AR’s — growth just a few days later!