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Roblox

  • May 19, 2021
  • 2 min read
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Roblox

Roblox is a centralised metaverse with a lot of unique and diffrent kinds of games created by it’s users itself. It is also capable of holding online concerts and already has a huge fanbase for it’s games even though there is no blockchain aspect to it.

Roblox and Metaverse

Concert

Roblox is one of the farthest ahead companies when it comes to building a metaverse since it already has over 202 million active monthly users. The main challenge for Roblox is to attract an older audience since most of its users are pre teens and kids. Roblox is centralized unlike a lot of the upcoming gaming metaverses and the only way to earn from it is by developing games on it.

Concert

Roblox is one of the farthest ahead companies when it comes to building a metaverse since it already has over 202 million active monthly users. The main challenge for Roblox is to attract an older audience since most of its users are pre teens and kids. Roblox is centralized unlike a lot of the upcoming gaming metaverses and the only way to earn from it is by developing games on it.

Economy

Roblox exists in a fixed economy. They control the exchange rate of Robux (which is the name of its currency) to USD . The Roblox marketplace interfaces between players and developers. Players buy Robux (RS) with real money which can purchase in-game items. The exchange rate is roughly $1 USD = ~R$0.01. Developers get paid at a rate of R$1 = $0.0035.

Concert

Roblox is one of the farthest ahead companies when it comes to building a metaverse since it already has over 202 million active monthly users. The main challenge for Roblox is to attract an older audience since most of its users are pre teens and kids. Roblox is centralized unlike a lot of the upcoming gaming metaverses and the only way to earn from it is by developing games on it.