Accotding to Protocol, Spaces announced last week that it was "heading in a new direction," adding: "Thank you to our users and partners who participated in our awesome VR video conferencing product and the many people who enjoyed our VR location-based entertainment attractions found at theme parks, theaters, and more."Spaces built themed and location-based virtual environments and experiences, and its founders launched the company in 2016 after leaving DreamWorks Animation.
But the pandemic forced Spaces to shutter its in-person VR centers, lay off workers, and eventually take a PPP loan as the industry more broadly has suffered, Protocol reported.
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