Metaplace Inc. made the sad announcement last night that its online virtual world and platform, Metaplace, will shut down on 1 January.
The announcement was made on the official, explaining that the project was no longer profitable.
“Unfortunately, over the last few months it has become apparent that Metaplace as a consumer UGC service is not gaining enough traction to be a viable product, requiring a strategic shift for our company.
We’re sorry to announce today that Metaplace.com will be closing to the public at 11:59pm on January 1st, 2010.”
Despite many staff being laid off due to the closure, the remaining team will begin work on a new project shortly.