ChainCatcher news, U.S. stock market opens, Dow rises 88 points, S&P 500 index rises 0.23%, Nasdaq rises 0.16%. Coinbase rises 1.58%, Roblox (RBLX.N) falls 20%, with the company's fourth-quarter daily active users falling short of expectations.

ChainCatcher news, according to Jinshi reports, the fourth quarter daily active users of Roblox, known as the first stock of the metaverse, were 85.3 million, while the market forecast was 88.39 million. Due to the related data falling short of expectations, Roblox plummeted 18% in pre-market trading.

ChainCatcher news, according to Fortune, the metaverse game developer Gamefam has released the annual report on the "State of Brands in Roblox and Fortnite." The report predicts that by 2030, the global metaverse gaming market will reach $168.4 billion, with the number of users reaching 900 million, indicating that the industry still has strong growth potential.The report reveals significant changes in usage habits among the younger generation: Generation Z and Generation Alpha spend 39% more time on Roblox and Fortnite than on TikTok and YouTube. This trend has attracted well-known brands, including Disney, Mattel, and FIFA, to collaborate with Gamefam to reach younger audiences. Ferencz stated that although the term "metaverse" has been influenced by the NFT craze, unlike NFTs and other pure collectibles, gaming entertainment has lasting intrinsic value because "people need entertainment, they need joy."

ChainCatcher news, U.S. stock market opens, Dow Jones up 120 points, S&P 500 up 0.46%, Nasdaq up 0.53%. "The first stock of the metaverse" Roblox (RBLX.N) down 9%, the company is shorted by the short-selling firm Hindenburg. (Jin Shi)

ChainCatcher news, according to Jin10 data, the short-selling institution Hindenburg has stated that it has shorted the metaverse platform Roblox (RBLX.N). Roblox (RBLX.N) fell over 9% in pre-market trading.

ChainCatcher news, according to Jinshi reports, the metaverse platform Roblox's revenue for Q2 2024 is $893.5 million, compared to $681 million in the same period last year. The market expectation is $890 million. The expected revenue for the third quarter is between $860 million and $885 million, with market estimates at $867.4 million.

ChainCatcher news, according to a report by Bloomberg, the online creation platform Roblox earned $3.5 billion last year primarily through the sale of its virtual currency Robux, which users on Roblox can use to purchase virtual accessories.Currently, the platform is being criticized for putting some minors at risk due to its interactivity and anonymity. As a result, the platform will change its default settings, and after the fall, users under the age of 9 will automatically be restricted from playing certain games.

ChainCatcher news, according to the US stock market, "the first stock of the metaverse" Roblox opened with a decline of over 23%.Earlier financial reports showed that its second-quarter booking outlook was below market expectations.

ChainCatcher news, according to Decrypt, the metaverse platform Roblox officially denied that it will support XRP payments, stating that any claims about gamers being able to purchase Robux to use Ripple's XRP token for in-game items are "inaccurate."It is reported that previously BitPay announced on the X platform that Xsolla has supported XRP as a payment option, with the company responsible for managing in-game payments in Roblox. BitPay will act as a partner, responsible for seamless integration with cryptocurrency wallets. The related tweet has now been deleted.

ChainCatcher news, according to The Verge, the metaverse platform Roblox will launch on Sony PS4 and PS5 in October, and the PlayStation version of Roblox-related products is already in development.Roblox is now available on platforms such as PC, Mac, iOS, Android, and Xbox. Roblox will also launch its application on Meta Quest mixed reality devices later in September, following a test version released in July. The Xbox application will continue to be upgraded.Previously, the CEO of Roblox hinted during the earnings call in August that the company has been considering bringing the application to PlayStation and Nintendo Switch.

ChainCatcher news, the education technology startup Kinjo, based on the metaverse platform Roblox, has completed a $6.5 million seed round financing, led by LiveOak Venture Partners, with participation from Silverton Partners, Breyer Capital, and Roble Capital.Kinjo connects children to the metaverse platform Roblox, allowing them to earn a virtual currency called Robux through play, learning, and gaming, and scores them based on their learning outcomes. The company also plans to expand its educational value scoring system to Fortnite and Minecraft.

ChainCatcher news, according to Mashable, the South Korean girl group BLACKPINK will land on the metaverse platform Roblox on August 25, launching a virtual space called "Blackpink the Palace." Players can explore interactive scenes from the group's classic MVs, mine in-game currency, and take selfies with the game avatars of Jisoo, Jennie, Rosé, and Lisa. Fans who visit in the first 24 hours will receive a special badge.

ChainCatcher news, according to The Block, the latest financial report from the metaverse platform Roblox shows that its daily active users in-game increased by 22% year-on-year to 66.1 million, reaching an all-time high. The sales of Roblox's in-game currency "Robux" amounted to $774 million, a 23% increase from the previous year. Roblox stated that revenue also rose to $655.3 million, a year-on-year increase of 22%. (source link)

According to ChainCatcher news, tech media The Verge reported that the metaverse platform Roblox is expected to join the Meta Quest ecosystem in the second half of 2023, allowing players using Quest VR headsets to access the Roblox metaverse platform.According to ChainCatcher's previous report, Roblox had a loss of nearly $300 million in Q3, more than tripling year-on-year. As of the end of the third quarter, Roblox's average daily active users (DAU) were 58.8 million. (source link)

ChainCatcher news, according to the latest Form D filing disclosed by the U.S. Securities and Exchange Commission, the North Carolina-based metaverse avatar design startup House of Blueberry has completed a new round of financing totaling $5,999,999, with two investors participating, but the identities of the investors have not yet been disclosed.It is reported that House of Blueberry focuses on designing wearable devices and clothing for 3D virtual spaces, providing players with personal avatars and avatars, with clients including metaverse gaming giants Roblox and The Mims. (source link)

ChainCatcher news, according to Wall Street Watch, the metaverse platform Roblox announced its third-quarter financial report, showing a loss of $297.8 million in the third quarter, which is more than three times the loss of $74 million in the same period last year. In terms of revenue, Roblox's third-quarter operating revenue increased by 2% year-on-year to $517.7 million, compared to a growth rate of 102% in the same period last year.In addition, the third-quarter bookings were $701.7 million, a year-on-year increase of 10%, while bookings in the same period last year grew by 28%. As of the end of the third quarter, Roblox's average daily active users (DAU) were 58.8 million, an increase of 24% year-on-year, compared to a growth of 31% in the same period last year; the average bookings per DAU were $11.94, down 11% from $13.49 in the same period last year. (Wall Street Watch)