Roblox CEO ‘dreams’ of NFT interoperability
The frontman of the popular virtual universe game Roblox, David Baszucki, has expressed his vision of being able to transfer nonfungible tokens (NFTs) and digital items across various platforms.
During the company’s Q3 2023 earnings call, Roblox founder and CEO Baszucki discussed the influence of major influencers in driving the widespread adoption of NFTs and digital collectibles in a recent CNBC interview. He emphasized the concept of users having the capability to migrate their collections across non-native platforms:
“There’s a bit of a dream here about objects and NFTs moving from platform to platform.”
For instance, Baszucki mentioned that renowned personalities such as Elton John could join Roblox, create, and sell limited edition collectibles like capes for charitable purposes. These collectibles could then move off the Roblox platform as NFTs and be sold in other marketplaces.
“What we do expect is that creators, whether it’s Elton John or Nike or someone else making a digital item, that they would play a key role and have a fair amount of control in that process,” Baszucki concluded.
Roblox Q3 Earnings and Market Outlook
Roblox’s latest earnings call revealed a loss in Q3; however, the company recorded a 20% year-over-year growth in booking estimates on higher in-game spending and the total number of users.
Baszucki’s growing interest in NFTs resonates with overall market sentiment as blockchain analytics company Nansen reported a surge in November NFT sales volumes.
NFT volume for the past 5 weeks has been steadily increasing
The bottom was the week closing 9th Oct, where NFT weekly volume was 29,704 ETH, compared to last week, week ending Nov 6th, NFT sales volume reached 68,342 ETH
Slowly then suddenly…?https://t.co/SOlhKZezmO pic.twitter.com/420fiRYw9e
— Nansen (@nansen_ai) November 6, 2023
Trending NFT Collections
In terms of NFT collections, Bored Ape Yacht Club (BAYC) had the highest trading volume in the last 30 days. The BAYC collection had a volume of 35,226 ETH, or around $66.7 million. NFTGo’s data also showed that there was a 12% increase in NFT traders during that timeline.
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The possibilities for NFT interoperability and the growing interest from industry leaders like David Baszucki of Roblox are indicative of a significant shift in the digital collectibles landscape. To stay updated on the latest developments in the world of VR gaming, visit VR Game News.