Social VR App ‘Rec Room’ Raises $100M Financing, Estimated at $1.25B Valuation
Rec Room, the social VR platform, announced it has secured a $100 million financing round, bringing the company’s valuation to $1.25 billion. This makes it one of the most valuable VR companies outside of platform holders Facebook, Valve, and HTC. Speaking to the Wall Street Journal, Rec Room reveals its largest round to date was […]

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Facebook Gives Sneak Peek of New Avatar System for Quest, Watch It Here
At the all-digital version of SXSW 2021 today, Facebook’s Mark Rabkin, VP of Oculus, showed off an upcoming new version of its avatar system on Quest. In his chat with CNET’s Scott Stein, called The Quest Effect: Inside VR’s Next Chapter, Rabkin revealed the company’s next avatar system. It’s slated to arrive first on its […]

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‘The Museum of Other Realities’ Free to Visit for The Next 2 Weeks
The Museum of Other Realities (MOR), the immersive multiplayer art museum for virtual reality, is temporarily open to the public for free in celebration of select British XR artists, who are presenting their works via a special showcase called The Immersive Arcade. The Immersive Arcade: The Showcase is being hosted on MOR, which is free to download on Steam from […]

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‘Rec Room’ Plus Members Can Now Exchange In-game Tokens for Real Cash
Rec Room wants to create a functional digital economy which would let creators generate content for the social VR app and sell it to others for cash. The studio took a big step late last year by allowing its premium members to to sell their creations for in-game tokens. Now those users can exchange their hard-earned […]

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‘Bigscreen’ Launches Ad-supported Movies for Free On-demand Viewing
Bigscreen today announced is bringing ad-supported movies to the free social viewing platform, which will allow users to watch select films for free. Bigscreen first brought paid on-demand movie rentals to its virtual cinemas early last year, which was the result of multiple partnerships with movie studios such as Paramount Pictures. Now Bigscreen is bringing free movies […]

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‘Bigscreen’ Brings ‘Rick & Morty’, ‘The Eric Andre Show’ & More to Free TV Selection
Bigscreen, the social viewing platform for VR headsets, just launched a number of new free TV channels including Rick and Morty, Aqua Teen Hunger Force, Samurai Jack, Robot Chicken, The Venture Bros, and The Eric Andre Show. Bigscreen first added its TV livestream back in July 2019, which at the time brought over 50 channels to the […]

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‘Rec Room’ Now Has Over 1 Million Monthly Active Users
It was only a month ago when social VR platform Rec Room reported it crossed the two million annual VR user mark, an important milestone worth celebrating along the app’s five-year journey. Its developers tell Road to VR that Rec Room has seen a significant uptick in users recently, as it now reports over one […]

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‘VRChat’ Launches Premium Membership, Now in ‘Early Supporter’ Phase on Steam
Social VR platform VRChat has rolled out a premium subscription service which brings a few new extras to users looking to support the free app. Called VRChat Plus, the membership includes some neat side benefits. In its Early Supporter phase though, the service seems more of a way to financially support the platform than anything. VRChat is […]

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‘Rec Room’ Now Lets Premium Users Sell Creations for In-game Currency
Rec Room announced back in September that it was working on a way for its users to earn real cash by creating content for the game. In a recent update, the social VR platform has now taken its first big step in generating that functional economy by letting premium users sell their creations for in-game […]

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Road to VR & Scott Hayden

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‘Bigscreen’ Expands Platform for Creators with New Green Screen Environment
Bigscreen, the social screen-sharing app for VR, is striding into new territory with its new green screen environment, which aims to let creators repurpose their avatars for anything from Zoom chats to YouTube videos. The platform has a number of theater environments that are great for chatting, viewing videos and playing games; since there’s no user-generated […]

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