[2] High Fidelity was founded in April 2013 by Second Life founder and former CEO Philip Rosedale, Ryan Downe Karpf, and Irena Freidrica Heiberger.

The company was formed to create a next-generation virtual reality platform featuring low latency, spatialized 3D audio, high-detail environments, realistic avatars, and a working economy built on blockchain.

[22] The four-hour event brought together 466 avatars from 47 countries and included live entertainment from actors, artists, and musicians across multiple stages in a virtual festival venue.

[23] Other attractions included live art, bingo, trivia, and limited-edition festival merchandise to buy and download from High Fidelity's marketplace.

[25] In March 2019, High Fidelity hosted Multi-Con, a comic con inspired VR event featuring cosplay, fanart, and celebrity panelists.

[30] The yet-to-be-named application, accessible through both desktop mode[31] and VR,[32] provides a virtual space where people can collaborate using High Fidelity's spatialized 3D audio and realistic avatars.