24 Nov 2021 6:18 PM +00:00 UTC

Roblox Crypto - Everything We Know

loot boxesFor one reason or another, a lot of people are interested in Roblox crypto right now. That concept could take several forms: official Roblox cryptocurrencies and endeavours or even big Roblox developers trying to find some way to bring crypto and other decentralized finance technologies into their games, much like BIG Games did with the Pet Simulator X NFTs.

With much of the influencer world making some mention of cryptocurrencies and the blockchain seemingly every day, wondering about any potential Roblox crypto plans is a natural extension of this strange new world we live in.

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What Is Roblox Crypto?

The theoretical Roblox crypto relates to a potential Roblox cryptocurrency project or an expansion into the so-called 'metaverse.' After Dogecoin (a popular crypto project) fulfilled its purpose in proving that anyone could make a virtual coin, players are seemingly beginning to wonder if Roblox will ever make an official Roblox cryptocurrency - presumably just to get in early and ride the platform's extensive playerbase to inflate its worth at great speeds.

It isn't clear how fundamentally different a Roblox crypto would be to the game's Robux premium currency, but it's a good starting point for the discussion: if you could sell Robux back for your country's official currency, how much would you buy if you believed it could triple in value in a few days?

There are no known plans for a Roblox crypto project just yet.
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Will There Ever Be Roblox Crypto?

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While we can't say for sure whether Roblox crypto will ever be a thing, we do think that an official crypto integration is perhaps unlikely at this stage.

Although cryptocurrencies certainly have their fans, the basic idea of a Roblox crypto would no doubt be subject to heavy scrutiny, given the average age of the platform's users and the brand's kid-friendly marketing. Even if those hurdles are jumped, the potential failure of a theoretical Roblox crypto is likely enough to scare away the company, which historically holds its own brand to a high level. The real killer, we believe, is Roblox's association with younger audiences.

Why Is Roblox Crypto Being Discussed?

As a topic, there are plenty of reasons why players are wondering if Roblox crypto is set to become a reality in the near future. After the GameStop stock market debate earlier this year, people were quickly led to believe the next big investment was in cryptocurrencies. Bitcoin was having a good climb, endorsements from Telsa founder Elon Musk knocked Dogecoin out of hibernation, and myriad clones and copycats were touted as being the one to go for if you missed out on the last.

Before long, plenty of popular YouTube channels were advertising new cryptocurrency projects to their millions of viewers, encouraging them to invest with the promise of lofty returns if they got in early. Next up came NFTs (or non-fungible tokens) that turned collecting digital artwork into an expensive hobby rife with theft and big corporations looking to make a quick buck.

With new and exciting digital investments seemingly everywhere, the thought of Roblox crypto becoming a thing is just another case of expecting a pop culture phenomenon to hop onto the latest trend. Publishers like Square Enix and Capcom have expressed interest in blockchain technology this year. And while the news rarely garners a positive response, like DLC and lootboxes before it, a negative initial reaction doesn't always mean the end of a new practice in the gaming space.