The metaverse "will probably infiltrate ... every sector in ways that we cannot even imagine right now," Ark Invest's CEO Cathie Wood said.
The lawsuit against YouTuber Ruben Sim also claims he engaged in sexual harassment of other users and attempted to upload a nude photo of himself.
SoftBank's Vision Fund II invested $150 million in Zepeto, the Wall Street journal reported.
Web3 and NFT investment has "recently started to accelerate," Greyscale said in a report, as pieces of virtual land sell for upwards of $2 million.
The metaverse may see a total addressable market of over $8 trillion, Morgan Stanley analysts said.
Facebook parent company Meta is spending billions to create what it calls a "metaverse" - and it's racing the likes of Apple and Google to market.
The video-game company reported sharp increases in daily active users, engagement, and purchases of virtual currency.
To download Roblox on a PC, you need to be running Windows 7 or newer. The gaming platform is also available on Mac, iOS, Android, and Xbox One.
Recent massive investments into creating immersive digital worlds are a symptom of Silicon Valley leaders cashing out on the physical world.
Barbara Messing, the chief marketing and people experience officer at Roblox, offers advice on effectuating tech innovation through collaborations.
Roblox's CMO details how internal and external partnerships help the global online platform take creative technology innovation to the next level.
Roblox saw a small decline in monthly active users in May, but the figure was still up 28% year-over-year.
"The first thing you don't do is you don't short these stocks," Joe Terranova, chief market strategist at Virtus Investment Partners told CNBC Thursday.
A Michigan girl and her father filed a lawsuit against Roblox after it deleted digital pajamas and other items that she bought and did not issue her a refund.
Millennial investors have a "personal attachment" to stocks like video game platforms Roblox and Sea Ltd., says VandaTrack.
Stifel maintained its $85 price target, representing potential upside of 16% from Tuesday afternoon levels.
JP Morgan's Alexia S. Quadrani tagged Roblox with an "overweight" rating and an $85 price target in a note to clients on Monday.