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Why is everyone talking about Roblox?

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Why is everyone talking about Roblox?
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Why is everyone talking about Roblox?

Why is everyone talking about Roblox?

 

 

Here’s a fun fact: in 2020, more than half of American children under the age of 16 will have played Roblox, but many people will still be unfamiliar with the game.

Roblox fever, on the other hand, has swept the globe. The Wall Street Journal, The New York Times, and CNN have all written about this thing called Roblox recently. In March, Google searches for Roblox stock spiked, prompting celebrities like Reese Witherspoon to make jokes about it. However, you might be unaware of why Roblox has become so famous in 2021.

So, I’m here to fill you in on everything.

What exactly is Roblox?

Roblox is a gaming site and storefront that allows users to play games online. Roblox isn’t a game; it’s a forum where users can play games generated by other people. In this way, it resembles the PC platform Steam rather than any online children’s game.

All of the games on Roblox are created by its users, which sets it apart from everything else in the games industry, including a storefront like Steam. Playing games isn’t the only way to have fun on Roblox; you can also make games. These games are not made by Roblox Corporation, but rather by Roblox users. According to the official website, over 20 million games have been released on the store.

Why is Roblox causing such a stir right now?

And everyone can make a lot of money on the site, even children. By monetizing their games, some developers can earn up to $1 million in a single year. Despite the fact that Roblox and all of its games are free to play, many kids purchase and spend Robux, a virtual currency used in Roblox games, on cosmetic products. A portion of these transactions is held by Roblox developers in the form of Robux. If a developer has amassed enough Robux, they can convert them to real money using a software called the Developer Exchange (also known as DevEx).

Individual designers aren’t the only ones benefiting. The Roblox Corporation is a remarkably valuable organization. Roblox Corporation went public on Wednesday, which means that its shares are now available for purchase. Its stock ($RBLX) had a fantastic first day, beginning at a $45 reference price and ending at $69.50. According to The Wall Street Journal, the firm currently has a market capitalization of about $45 billion. Epic Games, the developer of the ever-popular Fortnite and Unreal Engine tech, was priced at $17.3 billion in late 2020, to give you an idea of how big that is. (Epic Games remains a privately held corporation.) Many people have been fascinated by Roblox’s commercial performance, as well as the fact that the Roblox economy is almost entirely run by young people who can make a lot of money.

How well-known are Roblox games?

In some instances, extremely common. Adopt Me!, a pet simulation game in which kids buy and care for animals, reached 1.6 million concurrent players in April 2020, according to the game’s creators, and has been viewed over 20.4 billion times. (The creator has not made the number of unique logins available to the public.) Brookhaven, another title, has the most concurrent users at the time of release, with over 420,000 people playing it.

What company creates Roblox games?

Roblox allows everyone to create games. The platform allows young people to develop their own game concepts. It accomplishes this by offering a collection of game development resources that almost everyone, even children, can learn to use. Roblox also makes it simple to transform your development into an online multiplayer game, so if a game takes off, these developers will be able to scale.

The games are written in Lua, a scripting language that is simpler to learn than most other programming languages. Developer forums are provided by the company, where developers can troubleshoot and learn new skills. Developers don’t have to think about logistics like setting up servers with Roblox; they just make the game, and players can play it online multiplayer. It is up to each developer how involved they want to be in game production.

What does a typical Roblox game entail?

The most direct response is that there is no such thing as a “ordinary Roblox game.” Roblox is a website that allows users to create whatever they want. From single-player platformers to first-person shooters, there’s something for everyone. However, the most popular games are simulators in which players can role-play various scenarios such as going to school or visiting a pizza parlor.

Is Roblox a free game?

The website, as well as the games on it, are available for free download. In-game purchases of cosmetic items, skins, and other upgrades are possible in Roblox games. In Adopt Me!, for example, players can adopt and care for pets, and a child can purchase an egg that will hatch a pet. Since each game is different, in-game transactions can differ.

What does Roblox’s future hold?

Roblox’s imaginative and whimsical environments have long been separated from the rest of the gaming industry. Since its inception in 2006, the company has been limited to the niche audience of “children’s games,” and has gone largely unnoticed. Over time, the company has grown and supported the young developers who use the Roblox platform to distribute their games. The company developed a website that functions as a parallel games industry as a result of this. Roblox has its own collection of games, developers, and conventions.

Many creators on the platform are now confident due to the company’s current valuation. Now that the larger business has gone public, some developers are already talking about purchasing their own stock. Alex Hicks, cofounder of Red Manta, a Roblox studio, told Polygon that the public offering is exciting because it is “definitely bringing more exposure to studios.” “A lot of kids already know what Roblox is,” he added, “but the older audience is only scratching the surface.” Roblox has been rising in popularity for a while, and its developers are expected to gain further attention in the future.

 

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