Tool Create startup animated videos in minutes, not in hours! 

Roblox goes public so that it can build a bigger metaverse

The company behind the hit kids game Roblox is going public after soaring use during the pandemic. Roblox makes money when these games offer in-app purchases, and it gets a cut of sales of the in-app currency Robux. More than 18 million “experiences” have been created inside the game. Roblox intends to increasingly turn its platform into a social space where players can have a variety of different experiences. “In our vision, metaverse platforms will connect people from different life experiences with new and interesting ideas,” Roblox CEO David Baszucki wrote in the prospectus.

Startup Around is now on Telegram and Whatsapp. For the best startup stories & resources, subscribe us on Telegram & Whatsapp.
Get the best stories from Startup Around on Telegram