KEY POINTS
Leading metaverse platform Roblox continues its commitment to simplifying and accelerating metaverse content creation with the introduction of new features and tools.
As per a post shared on March 18, the platform is harnessing artificial intelligence (AI) and integrating it into two new tools aimed at enhancing tasks that usually take a lot of time for creators — avatar setup and texturing.
The “Avatar Auto Setup” tool simplifies avatar creation by transforming 3D body meshes into animated avatars, customizing them with features such as skin 3D models — thus reducing the creation process from days to mere minutes.
The “Texture Generator” empowers users to quickly alter the appearance of 3D objects by applying textures to them (e.g., adding texture to a 3D wooden treasure chest). This feature allows users to experiment with various colors and textures effortlessly, with just a few clicks.
While Avatar Auto Setup is currently available in alpha, Texture Generator is still in its public beta version — both accessible within Roblox Studio.
This isn’t the first instance of Roblox leveraging AI. Last month, the platform introduced Code Assist, a tool that suggests lines or functions of code as creators type, along with automatic chat translations, facilitating seamless communication across languages for users worldwide.
Originally launched in 2006, Roblox currently boasts 70.2 million daily active users and over 216 million monthly active users.
In terms of financial performance, Roblox disclosed its Q4 and 2023 results last month, reporting total revenues of $2.8 billion for the year — an impressive 26% increase compared to the prior year. Notably, Q4 of 2023 emerged as the most successful period, achieving record-high figures in revenue and bookings. Revenue surged by 30% year-over-year, reaching $749.9 million, while bookings amounted to $1.1 billion.
These results are consistent with projections. According to Statista, the global metaverse market is anticipated to grow by 37.73% (2024-2030), resulting in a market volume of $507.8 billion by 2030.
