The Three Oaks Rooftop Bar in Rec Room.
The Three Oaks Rooftop Bar in Rec Room.
Categories

How Rec Room looks at the metaverse opportunity

  • Posted byby Dean Takahashi
  • Updated
  • 15 min

Nick Fajt, CEO of Rec Room, is one of the contenders to run the metaverse.

The social virtual world hit more than 82 million lifetime users since it started in 2016, and it is available across platforms including Oculus, iOS, Android, PlayStation, Xbox and Steam. The metaverse opportunity isn’t a small one. McKinsey & Co. estimated it could hit $5 trillion in value by 2030.

Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks. 

Join now →

Sign in to your account.

Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.