Roblox introduces exclusive digital wearables that act as NFTs

by James · May 2, 2023

Roblox introduces Limiteds, digital goods that act like NFTs, but without being on the blockchain. Although not exactly like an NFT, its digital properties show similar behavior as an NFT should be. What does this mean for Roblox?

Roblox has recently introduced a new line of digital wearables known as Limiteds. Although it is strangely similar to NFTs, a few stark differences can be seen when we take a closer look at this recent update.

Roblox Limiteds

Limiteds are primarily in-game cosmetics such as hats, skins, toys and more that can be purchased by players, but more importantly can be resold in secondary markets. A portion of each sale goes to the item’s creator, the same way it works for NFTs in Web3.

These items are similar to NFTs in that they can be bought and sold by players. Furthermore, they also offer an incentive to resell due to its inherent secondary sales opportunities. However, there are some important differences between Limiteds and NFTs.

First of all, Limiteds are not on the blockchain. This means that they are not quite as secure as NFTs and do not benefit from the same interoperability that is a hallmark of the blockchain. However, they are still a significant development for Roblox and its players.

A key feature of Limiteds is that creators get a cut of each sale. Specifically, creators get a 10% cut of every secondary sale of their Limited. This means that there is a financial incentive for creators to produce high-quality, desirable items that will continue to sell well on the secondary market.

While Roblox’s Limiteds may not be true NFTs, they still represent a significant step forward for the game and its players. By introducing a new digital commodity that can be bought and sold in secondary markets, Roblox has shown that it is willing to embrace the dynamic environment that NFTs allow.

At the same time, however, it is clear that the game is not entirely devoted to diving headfirst into the world of NFTs and the blockchain. Game companies such as Ubisoft and Square Enix have delved into Web3 gaming via their own projects. Symbiogenesis is gaining an audience online, posting daily updates revealing the lore behind its mysterious setting.

Final thoughts

The introduction of Limiteds is just one example of how the gaming industry is evolving in the face of new technologies and new consumer demands. As more and more players become interested in NFTs and blockchain games, it will be fascinating to see how established gaming companies like Roblox react and adapt to these changes.