It seems everyone in the world of tech is talking about the metaverse. But what exactly is the metaverse? While the possibilities for what it might become are seemingly limitless, the current notion is that it will be a 3-dimentional world in which users interact with each other and the environment, often via avatars. It can be used for many applications including business, social, or gaming -- and Roblox (NYSE: RBLX) is all about gaming. The company provides a platform where users can create or play games for free. Roblox then makes most of its revenue by selling in-game "Robux," which can be used to make purchases that enhance the user's experience.
Investors are looking for the best stocks to get exposure to this growing industry. Many companies have a small amount of exposure, or might dabble a bit, but Roblox is a pure metaverse growth stock. Does this make it a buy?
Source Fool.com