Roblox CEO David Baszucki, in a recent CNBC interview discussing Q3 results, expressed interest in cross-platform non-fungible tokens (NFTs).
Baszucki envisions virtual items and NFTs seamlessly transitioning between platforms, framing it as “a bit of a dream.” Baszucki illustrated this vision with an example featuring Elton John creating virtual capes for charity on Roblox, suggesting they could become NFTs sold off-platform and then return.
The discussion extended to a broader perspective where Baszucki emphasized equal empowerment for individuals and companies in managing their digital processes and creations, citing Nike as another example.
Beyond NFTs, the interview delved into Roblox’s growth and the evolving perceptions of the metaverse. It highlighted the metaverse’s role in connecting people who can’t meet in person — facilitating various activities from communication to gaming and learning.
Roblox observed a shift in its user demographic, with an increasing number of older users joining the platform. A recent report also emphasized how users are expressing their authentic selves within the metaverse, influencing real-life styles.
The interview then touched upon Roblox’s approach to virtual protests addressing real-life matters, citing the recent virtual pro-Palestine protest held for the Israel-Hamas conflict.
Baszucki emphasized Roblox’s commitment to civil assemblies while maintaining a zero-tolerance policy for terrorism, hate, discrimination, and bullying. To uphold these principles, the platform is increasing the use of AI and ML technologies for content moderation.
In terms of numbers, in its Q3 2023 financial report, Roblox disclosed a revenue of $713.2 million, marking a 38% YoY increase. The Average Daily Active Users (DAUs) reached 70.2 million, a 20% YoY rise, and reported engagement hours were 16.0 billion, reflecting a similar 20% YoY increase.