What are Spaces in Google Chat and how are they different from regular Google Chat Rooms?

Hi, I am just hearing about the option of Spaces in the Google Chat Room. How can Spaces benefit me in a way being in a normal Google Chat Room cannot?

Hi there! Spaces offer the benefit of boosting your team’s collaboration, communication and overall productivity. There is a streamlined and flexible user interface which helps you to keep track of everything important - even tasks can be shared in Spaces.