This Metaverse Company Is More Than A Pandemic Stock

Roblox Corporation (NYSE: RBLX) is an entertainment platform for gaming and game development that allows users to play and create games where users interact in 3-dimensional "worlds." The company's stock went public in March of 2021 and has risen over 70% since doing so.

Roblox burst onto the scene in the early days of the pandemic in the United States as a place where people could game and interact while stuck at home. Because of this, the stock was often seen as a "pandemic play" that would suffer as the country reopened. Now the company is looking to prove that its results are sustainable while taking advantage of the rise in interest in the metaverse.

But what exactly is the metaverse? In the broadest of terms, it's a virtual world accessed through the internet where users interact with both each other and the physical world in a seemingly limitless variety of ways. As it pertains to Roblox, metaverse games are developed by third-parties using its platform and then played on the platform where they are tethered. Games are free to both play and to develop. The company makes the majority of its money selling "Robux," a virtual currency that allows users to enhance their in-game experience. Most of the users of Roblox are kids, but the stock is anything but child's play.

Source Fool.com