Roblox CEO envisions NFT adoption within platform, talks possibility of cross-platform transfers

This article is machine translated
Show original

In a recent interview, David Baszucki, the founder and CEO of the multiplayer online game creation platform Roblox, talked about his "imagination" of "items and NFTs moving between platforms" in Roblox, and proposed a theoretical use case.

Roblox makes hundreds of millions of dollars each season by selling digital currencies that players use to buy game items on its closed platform, but David Baszucki still envisions eventually opening up the Roblox ecosystem to allow NFTs to be used on its own platform and other platforms . He said in an interview with CNBC:

"We believe that one day, for example, Elton John might go on Roblox one day and make eight or 10 cool capes and sell them for charity. We can imagine that one day those items will go away as NFTs. platform, may be sold off the platform and then back on the platform.”

With this kind of interoperability, digital assets like NFTs can operate and be used on different platforms, unlike the existing closed ecosystems. Baszucki said he expects that if interoperable NFTs are allowed on Roblox, creators, whether it’s Elton John or Nike (the example he gave), “will play a key role in the process and have a considerable degree of control. right".

According to the financial report released by Roblox, the company's third-quarter revenue was US$713.2 million, an increase of 38% year-on-year. Reservation revenue (bookings) was US$839.5 million, an increase of 20% year-on-year. The average number of daily active users is approximately 70.2 million, with an annual increase of 20%. Roblox’s “booking revenue” refers to the revenue generated by users purchasing “Robux” (the virtual currency used within the platform).

Source: The Block

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments