Roblox (NYSE:RBLX), the popular gaming platform, has announced its plans to bring its platform to Meta Platform’s Quest virtual reality (VR) headsets. The launch will begin with an open beta phase, which will be available on Quest’s App Lab in the coming weeks. The platform will also be compatible with the upcoming Quest 3.

During the open beta, Roblox will offer a wide range of content for the Quest community to explore. This presents an excellent opportunity for Roblox developers to optimize their existing games for VR and create new ones, all while receiving valuable input and feedback from the Quest community.

Existing Roblox experiences that utilize default scripts will automatically work on Meta’s VR devices. However, experiences that utilize custom scripts will need to be updated to support VR.

One of the key advantages of Roblox is its cross-platform functionality. With its availability on Meta Quest, users in the Quest community will be able to connect, play, and socialize with friends across Xbox, iOS, Android, and desktop platforms.

With a daily user count exceeding 66 million across various platforms, including mobile devices, desktops, and Xbox, Roblox is one of the largest 3D immersive platforms. Its availability on Meta Quest, a leading VR headset, will offer users aged 13 and older a new and exciting way to experience the platform.

This partnership between Roblox and Meta is beneficial for both parties. Roblox gains access to a user-friendly VR platform, while Meta gains access to Roblox games, bringing a wealth of new VR experiences to Quest users.

Roblox’s Metaverse Makes an Impact Amid Increasing Competition

Roblox aims to become a significant player in the metaverse landscape, which is expected to drive the company’s growth in the near future. With over 15 million distinct experiences, Roblox offers a diverse range of virtual world experiences and operates on a cryptocurrency-based economy.

Unlike other metaverse platforms that rely on AR and VR technologies, Roblox’s metaverse is accessible on smartphones and other mobile devices, making it easy and fun to access. The platform hosts various top-grossing games, including Blox Fruits, Shindo Life, Pet Simulator X, Sonic Speed Simulator, King Legacy, Gacha Online, and Livetopia, which have garnered millions of visits.

Roblox has already hosted concerts featuring celebrities and rappers like Lil Nas X and David Guetta in its metaverse. Additionally, the platform has its own digital currency called Robux, which boasts over 50 million daily active users (DAUs).

Events such as concerts and ceremonies play a vital role in the metaverse economy. Roblox aims to organize events that cater to its predominantly younger user base, which includes children under the age of 16. These events serve various objectives, including brand endorsements and fundraisers.

Other competitors in the metaverse space are heavily investing in artificial intelligence (AI) technology to create commercial virtual reality experiences independent of the real world. Meta recently unveiled its high-end virtual reality headset, Meta Quest Pro, at the Meta Connect event. Furthermore, Meta has partnered with NVIDIA to develop an AI research supercomputer, enabling META AI researchers to build essential AI models for the metaverse. NVIDIA plans to leverage its leading position in computing hardware supply to develop software tools for creating and selling content within virtual worlds.

Microsoft is also making significant moves in the metaverse market by acquiring Activision Blizzard in an all-cash deal worth $68.7 billion. This strategic acquisition will position Microsoft as the third-largest gaming company globally and provide the company with the expertise to compete in the multimillion-dollar metaverse market.

Roblox’s expansion to Meta Quest VR headsets and its ongoing presence in the metaverse market showcase its resilience and potential for growth. The company’s commitment to user and developer growth, coupled with its strong engagement levels, bodes well for its future performance.

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