You read that right. An NFT for a rare pet in popular Roblox game Pet Simulator X just sold for over $20,000 USD on the NFT market OpenSea. This is the first sale of its kind in the Roblox world which will surely inspire future developers & help add legitimacy to the NFT movement. Check out the details below.
YouTuber “Fishy” Spends 4.595 ETH on Pet Simulator X NFT
In the first of its kind, an exclusive NFT redeemable inside of Roblox game Pet Simulator X sells for over $20,000 USD (4.595 ETH). The sale was completed on Tuesday, November 16th, 2021 on NFT auction site OpenSea.io.
Pet Simulator X is a popular Roblox experience developed by Big-Games. The game boasts millions of daily active players & is consistently one of the most played games on Roblox. They recently minted twelve limited NFTs which all sold this week for a total of $165,000 USD.
Due to its massive popularity, YouTube content creators such as Fishy Games were willing to spend big money to acquire one of the twelve limited NFTs minted by Big-Games. Other YouTubers also got their hands on some less expensive versions.
Shortly after the sale Fishy Games uploaded this video to YouTube speaking on his acquisition. While we can’t know for sure, we assume he was willing to payout for the NFT in hopes to earn it back through his content. Not a terrible idea.
What Does This Mean for the Roblox NFT Market?
While this is a huge milestone that developer Big-Games should definitely be celebrating, we can’t help to wonder about the possible fallout. Since Roblox is infamous for taking a huge percentage of developers in-game transactions (upwards of 65%), they might feel that they lost potential revenue.
If this were $165,000 of in-game transactions, Roblox would have made a cool $107,250 leaving Big-Games a measly $57,750 for their efforts. So there is definitely reasonable basis for their actions.
While we can’t know the exact deals & contracts that are in place, we can only assume that this was a move made without the help or specific approval from Roblox. This type of business & future marketplace development is heading into uncharted waters, all we can do is hang on for the ride.
What do you think about this massive NFT sale revolving around the Roblox platform? Do you think these types of purchases help legitimize the space or devalue it with nonsense & fluff?
We hope you found this breakdown of these new wave NFTs helpful. Please feel free to drop a comment below if you have any questions or concerns!
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