Roblox Corporation (RBLX) in San Mateo, Calif., is a technology company that operates a human co-experience platform or Roblox Platform, where users interact with each other to explore and develop user-generated and 3D experiences. The company operates the Roblox Platform as a live service that allows users to play and socialize with others for free. Its platform is powered by user-generated content that draws inspiration from gaming, entertainment, social media, and even toys.
According to the global investment bank Citi, the total addressable market for the metaverse economy could reach $8 trillion - $13 trillion by 2030, with up to five billion users. However, the investment bank’s report also notes that considerable investment would be required in computing, storage, network infrastructure, consumer hardware, and game development platforms. Hence, only financially strong companies that can afford to make large investments will be able to grow.
