Joel Frank
The shares of Roblox, a massively popular gaming ecosystem, are collapsing. The price of RBLX, the ticker for the company’s shares, which trade on the New York Stock Exchange, is down 15% this week, taking losses since the start of the year to nearly 75%. Roblox’s latest leg lower comes after it released its latest business update, which reported a further slowdown in the pace of user and revenue growth (which Roblox refers to as bookings) amid a broader slowdown in the gaming space.
According to Roblox, bookings were up 5-7% YoY in November, down from a growth rate of 22-24% in November 2021. Meanwhile, user growth was 15% YoY in November versus 35% YoY in November 2021.
RBLX’s Struggles a Buy Signal For RobotEra?
RBLX’s underperformance in 2022 means that some investors looking to gain from the long-term growth of the global gaming industry might be looking for alternatives. Roblox is a highly innovative gaming metaverse and, with 58 million daily active users on average through the third quarter of 2022, looks set to remain a key player in the space.
But Roblox is highly centralized – its code is not fully open source and its in-app currency, Robux, though valuable (Robux currently sells 400 for $4.99) is not a blockchain-based cryptocurrency. With cryptocurrencies and the idea of decentralization all the rage in the last few years, investors looking for a good return may want to invest in decentralized version of Roblox.
Investors deterred from Roblox by its share price underperformance and sceptical of the platform over its high degree of centralization should look no further than RobotEra, a soon-to-be-launched robot/space themed gaming metaverse that plans to incorporate a mixture of play-to-earn and player-versus-player games within its interactive world.
RobotEra plans to launch in 2023. Ahead of its launch, it is conducting a presale of the TARO token that will be used as an in-game currency. In the few weeks since its launch, RobotEra raised over $570,000. Tokens are currently being sold for $0.02, but that price will soon rise to $0.025, so interested investors should get in quickly. RobotEra also plans to begin sales of NFT robots that players can use within its metaverse soon. Investors who have already bagged themselves some TARO should stay tuned.
What is RobotEra?
Observers think RobotEra has the potential to become a viral metaverse sensation, owing to its exciting and unique gameplay that its developers hope to achieve. Players will be able to create a robot non-fungible token (NFT) through which they will interact with the sci-fi-themed RobotEra metaverse. Using TARO, RobotEra users will be able to buy and sell land within the metaverse, as well as a host of other in-game NFTs, such as NFT robots and items.
Did you know?
Over $500 million worth of real estate was purchased in the metaverse so far
Don't miss a chance to create your own land with #RobotEra
✅ Build a new metaverse
✅ Create NFTs
✅ Find rewardsBecome a part of the community ⬇️https://t.co/UJ3inomU89 pic.twitter.com/W1alQEcp32
— RobotEra (@robotera_io) November 28, 2022
Players will be able to develop and build on their land, with RobotEra planning to incorporate an element of play/build-to-earn into the metaverse, where users can essentially mine TARO. Players wishing to build the RobotEra metaverses won’t need coding skills, all they will need to do is master RobotEra’s simple in-game building tools.
RobotEra players will be able to build and compete in games, which RobotEra says will offer players another avenue to earn TARO. RobotEra envisages that, as with other established crypto metaverse players such as Decentraland, “real world” businesses and brands will eventually be attracted to RobotEra’s metaverse. They will be able to purchase and develop land in order to promote their business.
Meanwhile, RobotEra will offer creators and artists a new way to interact with fans. They will be able to create and distribute real digital assets which will be tradeable within the game to fans. RobotEra also envisages that various groups and communities will migrate to its metaverse, with the platform offering an excellent space for communities to gather.
Build the biggest NFT community with #RobotEra
#RobotEra provides an opportunity to build a new metaverse with various NFT communities!
Invite NFTs from other communities and build an interactive ecosystem together!
Join us now ⬇️https://t.co/UJ3inomU89 pic.twitter.com/DuwOOCwH7X
— RobotEra (@robotera_io) November 30, 2022
Another reason to own TARO is that it also functions as RobotEra’s governance token, with its holders able to vote on the project’s development. The currency is issued on the Ethereum blockchain as an ERC-20 token with a maximum supply of 1.8 billion, a low supply in comparison to many other similar crypto projects.
For all of the above reasons, RobotEra’s TARO token was ranked as Cryptonews.com’s top pick out of the best 13 gaming cryptocurrency tokens to invest in this year. Plenty of prominent cryptocurrency investors and influencers are interested in the token. To learn a little more about TARO and RobotEra, watch the below video by popular crypto educator Jacob Crypto Bury.
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- First Web3 Vote to Earn Platform
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This article was written for Business 2 Community by Joel Frank.
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