5 Charts That Show Roblox's Metaverse Success Is Very Real
There is a lot of talk these days about the metaverse -- a term that has been defined in several ways. In general, though, it references a persistent digital space where users can be immersed in a virtual or augmented reality. And although the idea may be new to investors, one company has a huge head start on building part of the metaverse.
Roblox (NYSE: RBLX) has been offering a platform that brings millions of people together in a virtual space since its founding in 2004. The platform is different from many others because it is free to play, and relies on games created by a community of developers, as well as purchases of Robux, its platform-specific virtual currency. The company has put up impressive financial results since its March 2021 initial public offering. But there are operational metrics that highlight just how strong a position the company is in.
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Source Fool.com
