Games

What is Roblox? And why did it grow so big?

Here’s some fun stats: More than half of US children under the age of 16 played Roblox in 2020, yet many still don’t know what Roblox is.

But now the world is on fire with Roblox fever. Major outlets such as The Wall Street Journal, The New York Times, and CNN all suddenly write about this, called Roblox. Google’s search for Roblox shares surged in March, and even celebrities like Reese Witherspoon are joking about it. But you may not understand why Roblox won the mainstream hype in 2021.

Well, I’m here to explain everything.

What is Roblox?

Roblox is an online platform and storefront for users to play games. Roblox is not a game, but a place to play games made by other developers. In this sense, it’s more like Steam on the PC platform than online children’s games.

What sets Roblox apart from other products in the gaming industry, including storefronts like Steam, is that all games are created by users. At Roblox, we’re not just looking forward to playing games, we’re also looking forward to making games. These games were not officially developed by Roblox Corporation, but by users of the platform. Today, the official website boasts that its users publish more than 20 million games on the platform.

Why is everyone talking about Roblox now?

Everyone, including children, can make a lot of money on the platform. Some developers can earn up to $ 1 million a year by monetizing their games. Roblox and all its games are available for free, but many kids buy and use a cryptocurrency called Robux for their aesthetic items in Roblox games. Roblox developers can keep some of these transactions in Robux format. Once a developer has made enough money with Robux, he can use a program called Developer Exchange (also known as DevEx) to convert Robux into real money.

Individual creators are not the only ones making money. Roblox Corporation itself is well worth the amazing amount. Roblox Corporation was released on Wednesday. This means that Roblox Corporation has begun selling its shares. The stock ($ RBLX) was a great first day, starting at a reference price of $ 45 and ending at $ 69.50 per share. The Wall Street Journal reports that the company has a market capitalization of about $ 45 billion.The maker of the popular Epic Games to see how huge it is Fortnite And Unreal Engine software, It was valued at $ 17.3 billion in late 2020. (Epic Games is still a private company.) Roblox’s success in the market was intriguing, coupled with the fact that Roblox’s economy is run almost entirely by young people who can make a lot of money. Many people.

How popular are Roblox games?

Incredibly popular and in some cases. Hire me!, A pet simulation game where kids buy and take care of animals broke 1.6 million simultaneous players In April 2020, the developer said, and was visited by more than 20.4 billion players. (The unique login number is not published by the developer.) Called another game Brookhaven Currently, it has the largest number of simultaneous users, with more than 420,000 players playing at the time of publication.

Who makes Roblox games?

Anyone can make games with Roblox. This platform provides young people with a way to realize their gaming ideas. This is achieved by providing a set of game development tools that most people, including children, can learn how to use. Roblox makes it easy to convert what you create into an online multiplayer game, so these developers can extend it once the game is launched.

The game uses a scripting language called Lua. It’s easier to learn than most other programming languages. The company offers a developer forum where manufacturers can troubleshoot and learn new skills. With Roblox, developers don’t have to worry about logistics such as how to set up a server. They just make the game and players can play the game through online multiplayer. It’s up to each developer how deeply they work on creating the game.

What does the average Roblox game look like?

The simplest answer to this is that there is no “average Roblox game”. Roblox is a platform where people can create what they like. There are a variety of games, from single-player platformers to first-person shooters. That said, the most popular games tend to be simulators that allow people to role-play different scenarios, such as going to school or going to a pizzeria.

Is Roblox Free?

The platform and the games on it are free to download. However, Roblox games can offer in-game purchases of cosmetic items, skins, or other upgrades. For example Hire me!, Players adopt and take care of their pets. Children can buy eggs to hatch their pets. Each game is unique, so in-game purchases are different.

What is the future of Roblox?

Roblox’s colorful and whimsical world has long been isolated from the entire gaming industry. The company, which was somehow driven by a niche viewer of “children’s games,” has been relatively unnoticed since its inception in 2006. The company has continued to grow and has supported young developers distributing games created on the Roblox platform. This created the company a platform that behaves like the parallel gaming industry. Roblox has its own games, its own developers, and its own meetings.

Currently, the company’s current valuations feel optimistic for many manufacturers on the platform. Now that the big companies are open to the public, some developers are already talking about buying back their shares. Alex Hicks, co-founder of Roblox Studios called Red Manta, told Polygon that he was excited about the public offering because he “gets more attention to the studio.” He continued: “Many kids already know what Roblox is, but they’re just scratching the surface with an older audience.” Roblox has already grown for some time. , Its creator will become more widely recognized in the future.

https://www.polygon.com/22326123/what-is-roblox-explainer-public-offering

Back to top button