Rec Room shuts down after decade and 150 million players – Hypergrid Business
[ad_1] (Image courtesy Rec Room.) Rec Room, a Seattle-based social virtual world that raised $294 million and briefly reached a $3.5 billion valuation, will shut down on June 1, 2026, the company announced yesterday. Snap Inc. confirmed the same day that it has acquired select assets from the company. “Despite this popularity, we never quite […]
Ethereum Treasury Trade Unwinds, Large Players Amass ETH Supply
[ad_1] Cryptocurrency markets saw another week of consolidation following last week’s long-awaited market recovery. While Bitcoin (BTC) remained above the key $90,000 psychological level, investor sentiment continued to be dominated by “fear,” with a marginal improvement from 20 to 25 within the week, according to CoinMarketCap’s Fear & Greed index. In the wider crypto space, […]