“Some refer to our category as the metaverse, a term often used to describe the concept of persistent, shared, 3D virtual spaces in a virtual universe. The idea of a metaverse has been written about by futurists and science fiction authors for over 30 years. With the advent of increasingly powerful consumer computing devices, cloud computing, and high bandwidth internet connections, the concept of the metaverse is materializing.” — Roblox S-1 Filing
Late last week, Roblox’s IPO announcement marked the first S-1 filing to really detail the vision for the Metaverse. (The Red Cat Holdings S-1 briefly mentioned it back in 2017). For those of you that don’t know, Roblox is a multiplayer sandbox game with over 30 million daily active users. For the uninitiated, sandbox games are defined as:
A video game with a gameplay element that gives the player a great degree of creativity to complete tasks towards a goal within the game, if such a goal exists. Some games exist as pure sandbox games with no objectives. Sandbox games are often associated with open world concepts which gives the player freedom of movement and progression in the game’s world. The “sandbox” term derives from the nature of a sandbox that lets children create nearly anything they want within it.
Roblox focuses on providing its players with the tools to build and monetize worlds of their own, typically referred to as user-generated content (UGC). After almost 10 ye