The 'Vail VR' Studio Announces $5.5 Million in Revenue While Launching a Crowd-Investment Campaign - Road to VR
‘Vail VR’ Studio Reveals $5.5M in Revenue as It Opens Crowd-investment Campaign
AEXLAB, the studio behind the VR shooter "Vail" set to release in 2024, has launched a crowd-investment campaign to support ongoing game development. The studio has announced that the multiplayer shooter has already generated over $5.5 million in revenue, attracting more than 300,000 unique players across PC VR and Quest platforms. Unlike traditional crowdfunding, AEXLAB, based in Miami, is offering equity investment, allowing individuals to buy common stock in the company starting at $1,000 per investor.
However, shares in private companies like AEXLAB are typically illiquid, meaning investors may have to wait for a long-term exit such as an acquisition or an initial public offering to recoup their investment. With the potential growth of the XR industry, AEXLAB is reaching out to individuals who are optimistic about the sector's future and the company's role in it.
The studio emphasizes the importance of its community in this growth phase, inviting supporters to be part of the journey as "Vail VR" expands. The game, which features a hybrid free-to-play/paid model, has received positive feedback, boasting a 4.8/5 rating on the Horizon Store for Quest from over 13,000 reviews and a 'Very Positive' rating on Steam from over 2,300 reviews.
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Source: https://www.roadtovr.com/vail-vr-studio-5-5m-revenue-crowd-investment/