Metaverse News
Latest articles and news about Metaverse on AXL Media.
Latest Articles
- Social VR Pioneer Rec Room Announces Total Service Closure Following Sustainable Profitability Failure
Published: Apr 1, 2026
Section: Online Gaming
Rec Room Inc. has confirmed it will shutter its titular social VR platform on June 1, 2026, citing an inability to balance rising operational costs with stagnant revenue. The devel...
- Social VR Giant Rec Room to Permanently Close in June 2026 Following Profitability Struggles
Published: Apr 1, 2026
Section: Online Gaming
Rec Room Inc. has announced it will shut down its popular social VR platform on June 1, 2026, citing an inability to achieve a sustainable business model. The closure follows a per...
- Meta Quest Usage Hits Record Highs In 2025 As Reality Labs Reports Over 100 Titles Surpassing 1 Million Dollars In Revenue
Published: Mar 26, 2026
Section: Online Gaming
Despite a year marked by significant industry layoffs and studio closures, Meta's Reality Labs division reported an all-time high in user engagement for 2025. Data released at the...
- Roblox to Implement Mandatory Brand Integration Fees for Creators Under New Global Compliance Strategy
Published: Mar 24, 2026
Section: Online Gaming
Roblox Corporation has announced plans to charge developers for hosting brand integrations within their digital experiences starting in 2027. According to Stephanie Latham, vice pr...
- Roblox Shatters Records with $4.9 Billion Revenue as Active Users Surge
Published: Feb 13, 2026
Section: Online Gaming
The immersive gaming platform concluded its 2025 fiscal year with a 36% revenue increase and a massive jump in daily active participants. Despite significant expansion and high dev...