Released in North America in October 4, 1993, and Japan March 20, 1994. The console was designed to "reshape the face of the videogames industry".
Originally conceptualized that the 3DO design would be licensed to companies to build, sell, and distribute their own consoles. Panasonic, Sanyo and GoldStar (now LG Corp) were among the three major electronics companies that jumped on board initially. Sony was approached by The 3DO Company. However Sony decided to continue working on their PlayStation platform. SEGA was also approached, but SEGA opted out due to concerned over price.
Some companies obtained licenses, but never actually built any consoles. These include Samsung, Toshiba, and even AT&T.
Ultimately, the 3DO failed. Due to the initially high price tag, a lack of "exclusives", and a library of games that appeared on less expensive consoles meant gamers weren't interested. Even the announcement of the planned, and ultimately failed, successor...the M2...the 3DO was officially discontinued in late 1996.