“This year we’re going to pay out over $1M to creators for all the amazing work (through the Creator Compensation program), and we see that number growing much much higher over the coming years.” “Creators have built millions of Rooms inside of Rec Room every day, they’re building tens of thousands of new Rooms for players to explore,” Fajt said. Rec Room’s recently launched Creator Compensation program is a revenue-share program that allows creators to monetize their creations through tokens (that are subsequently exchangeable for fiat currency like dollars). “The diversity of experiences is amazing - everything from games, escape rooms, immersive plays, and more - all built by players in-game.” Getting Creators PaidĪn enthusiastic core community, a cross-platform approach to building within the world, and the compounding effects of the pandemic are all behind the recent fundraising boost - but underlying all of it is an expectation among investors that Rec Room will generate revenue. “People are (now) spending more time in community-created rooms than in Rec Room’s own rooms,” Chennavasin said. The focus on community seems to be paying off 2M players have already created content on the platform - over 13% of all Rec Room players. Tipatat Chennavasin, general partner of the Venture Reality Fund and an early investor in Rec Room, told Freethink in an interview that the app has remained popular across platforms because of this simple, in-app building approach. Our tools live inside of the app and you can build together with your friends in real-time.” If you can play Rec Room, you can build a room in Rec Room.
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“You don’t need to know how to code, you don’t need to know how to 3D model, you don’t need to use a separate app or a game engine. “In Rec Room, anyone can be a creator,” Fajt said. Any user can build their own environments and games without needing to learn a complex programming language. Like Minecraft and Roblox before it, Rec Room has made building a core activity on the platform. People need a space like this.” The Not-so-Secret Sauce: Creators I think that’s been true whether teenagers were going to school physically or on Zoom. “A lot of people are looking for a digital third place that’s distinct from home and school or work where they can meet up with friends, hang out, explore, and be creative. “The pandemic accelerated trends we’d been seeing for several years,” Fajt told The Verge. Fajt noted that teenagers aged 13 to 16 comprise Rec Room’s primary users - and points to these players as a consistent core audience even once restrictions lift. Rec Room saw a surge in growth during the pandemic, when people stuck at home turned to virtual world for connection. “We want Rec Room to be the most radically cross-platform social app in existence,” Fajt said. “At the end of the day, Rec Room is trying to connect people, not devices.” As a result, users in VR headsets can now play in real time with those on consoles and iPhones, or mix it up themselves. When VR headset sales initially failed to live up to industry expectations, Rec Room expanded from being a VR-exclusive platform to PC, PlayStation, iOS, and most recently Xbox. That’s been our goal since day one and it remains our goal today.” Why Cross-Platform Connection Matters We wanted to build a place where people could come together to meet new people and create new memories. “You’re interacting with an algorithmic feed, not another human. “Most social apps today are actually very isolating,” Fajt said.
While there are competitive games, like paintball, laser tag, and dodgeball, it’s more in the vein of game nights with friends than competitive esports tournaments. Play is a vehicle for connecting with others. Players can also build custom virtual spaces that they and others can use.ĬEO Nick Fajt said in an interview with Freethink that Rec Room was designed to promote direct human connection. Rather, it’s a space where people can come together in both public and private rooms to hang out and play games. Unlike a conventional video game, Rec Room is not built around a quest or specific narrative.
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