Against Gravity
Facts
- HQ
- Seattle, United States
- Sectors
- Gaming, Social platform, Software
- Founded
- 2016
Rec Room, Seattle Social Gaming Platform Valued at $3.5B, Shuts Down June 1 Amid Profitability Challenges
Seattle-based social gaming platform Rec Room, once valued at $3.5 billion, will shut down on June 1 after a decade in operation due to difficulties in achieving profitability. This ends the run of one of Seattle's most notable startup unicorns.
GeekWire: eXp Holdings founder Glenn Sanford uses VirBELA virtual world to run distributed teams as COVID-19 makes avatars practical
GeekWire explores how virtual-world platforms like VirBELA, acquired by eXp Holdings, let people meet, work and socialize with avatars—an option gaining relevance during COVID-19 social distancing. Founder Glenn Sanford uses VirBELA to run large distributed teams and demonstrates virtual rituals that replace in-person office interactions.
Seattle's Portal VR Founder Compares Current VR/AR Hype to 1990s Internet Video Struggles
Virtual and augmented reality (VR/AR) technology is currently experiencing hype similar to the early days of internet video, with startups and companies investing heavily despite limited consumer adoption. Industry insiders, like Tim Harader who runs Portal VR in Seattle, see parallels but remain uncertain if VR/AR will eventually achieve mass market penetration akin to digital video.
People
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Nick Fajt Executive, CEO