AltspaceVR, a social VR platform, recently announced that it will be shutting down due to a lack of continued investment. The company had around 35,000 monthly active users, half of whom were in the mobile VR space. However, the company struggled to find a viable revenue model and their growth rate was not meeting investor expectations. The closure of AltspaceVR raises questions about the current state of the VR industry. However, despite this setback, there are still many opportunities for innovation in the VR industry. One example is the use of WebVR technology combined with platforms like Unity, which AltspaceVR had been exploring. The interview highlights the challenges faced by AltspaceVR, including limitations in graphics quality and identity expression within the platform. Other social VR platforms, such as VRChat and Rec Room, are also mentioned as popular alternatives. The potential of VR for relaxation, entertainment, and creating new types of experiences is also discussed.