A new GamesBeat event is just around the corner! Learn more about what’s next.
Rec Room introduced a new cross-platform multiplayer game called Rec Rally, where six players can race off-road vehicles within the cartoon-style world of Rec Room.
It is the first game created by the company, which has its roots in virtual reality but has expanded to multiple additional platforms.
Rec Room is one of the companies that has the opportunity to bring the technology and gaming industries to the metaverse, the universe of virtual worlds that are all interconnected, as in novels like Snow crash other Ready Player One. The company has raised $ 100 million at a valuation of $ 1.25 billion, giving it a strong war chest at a time when other creators of user-generated content (UCG) are gaining traction.
Users as creators are a big topic in the latest gaming boom, which has made the UGC Roblox platform go public and Overwolf raises $ 52.5 million for PC game mods and helper apps. Rec Room debuted as a free virtual reality experience in 2016 and now has 25 million lifetime users. Revenue grew 566% last year as monetization came in and user activity grew 600%.
Three of the top investment professionals talk about what it takes to finance your video game.
View on demand
After the VR market cooled down and grew more slowly than expected, Rec Room switched to other platforms such as game consoles, PCs, and mobile devices. That has helped it grow so much more, and users are creating millions of rooms where friends can explore, entertain and communicate. It now offers more things friends can do at these online venues.
The game debuts on September 29, and players will be able to push, hit, and slide power to the finish line. Rec Rally is the first vehicle introduction to the Rec Room community of 25 million registered users. During the race, it is one player per buggy, but during pre-game, players can huddle with their friends and ride with up to three players per buggy. The game has fully optimized controls on all platforms, with a clean and intuitive feel on touch devices.
Rec Room’s large UGC creator community has been asking for vehicles for years. Players can take a road trip with friends or grab a paintball gun and jump into the driver’s seat of some vehicle in vehicle combat. Rec Rally will be available to all users on Android, iOS, PlayStation 5, PlayStation 4, Xbox Series X, Xbox One, PC via Steam, Oculus Quest and accessible to all VR headsets.
“Rec Room has made it very easy for you to get a very large audience for what you’ve built,” said Nick Fajt, Rec Room CEO, in a recent interview with GamesBeat. “I want that to keep improving. We can continue to put a growing audience in front of a group of better and more skilled creators to create fun memories for people of all ages. “
GamesBeat’s credo in covering the games industry is “where passion meets business.” What does this mean? We want to tell you how the news matters to you, not only as a decision maker in a game studio, but also as a game fan. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy interacting with it.
As you do? Membership includes access to:
- Newsletters, like DeanBeat
- The wonderful, educational, and fun speakers at our events.
- Networking opportunities
- Special Interviews, Talks, and Members-Only “Open Office” Events with GamesBeat Staff
- Chat with community members, GamesBeat staff, and other guests on our Discord
- And maybe even a fun prize or two
- Presentations to related parties
Become a member