Roblox CEO David Baszucki Envisions Cross-Platform NFTs Despite Q3 Losses
Summary:
Roblox CEO David Baszucki has revealed his interest in enabling the transfer of nonfungible tokens (NFTs) and digital goods across multiple platforms. During a recent interview, he highlighted the role of influencers in boosting the NFT market, and envisioned celebrities like Elton John creating exclusive collectibles on Roblox that could be sold as NFTs on other platforms. Baszucki's comments coincide with a reported surge in NFT sales volumes. Moreover, despite a Q3 loss, Roblox recorded a 20% YoY growth in booking estimates due to increased in-game spending and larger user base.
David Baszucki, the frontliner of famous virtual gaming universe Roblox, has expressed his ambition to distribute nonfungible tokens (NFTs) and digital items across multiple platforms. Post Roblox's third-quarter earnings call of 2023, Baszucki manifested his insights about the significant role played by renowned influencers in promoting the general acceptance of NFTs and digital collectibles during an interview with CNBC. Baszucki endorsed the concept of users moving their collections across platforms other than the native ones.
For instance, prominent individuals like Elton John could take on Roblox to generate and sell exclusive collectibles such as capes for charitable purposes. Such collectibles could then migrate from the Roblox platform as NFTs to be sold on different marketplaces. Baszucki expects creators like Elton John or brands like Nike to be central to this process and to possess notable control over it.
Despite revealing a loss in Q3 during the last earnings call, Roblox posted a 20% year-on-year increase in booking estimates bolstered by elevated in-game expenditures and user numbers. Nansen, a blockchain analytics company, confirmed Baszucki's increasing attraction towards NFTs by reporting a surge in NFT sales volumes in November.
According to data with NFT collections, the most traded volume in the last 30 days was held by the Bored Ape Yacht Club (BAYC) collection, a staggering 35,226 ETH, approximately $66.7 million. NFTGo's data discerned a 12% increase in NFT traders during this timeframe.
Published At
11/10/2023 6:59:21 AM
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