From gaming with friends to investing in real estate, there are a lot of things you can do in the metaverse. Now, there is yoga and meditation, too, after lifestyle and activewear company Alo Yoga set up a virtual sanctuary on the Roblox gaming platform.
"Alo will jump at any opportunity to share wellness, mindfulness, and movement with people wherever they are," said Alyson Wilson, Alo vice president of brand and innovation.
The sanctuary, where users can participate in classes through Alo's on-demand fitness platform Alo Moves and earn virtual apparel, has been popular. More than 15 million people have visited since its launch in February.
Brand partnerships are nothing new for Roblox, which has teamed up with brands like Gucci, McLaren, and Vans among others. Monetization of brand experiences can mean big bucks — Roblox paid out its developer community more than $538 million in 2021. But for brands like Alo that choose not to monetize, there are other benefits.
"Brands are seeing an engagement on our platform that they haven't seen anywhere else. You can really have this two-way conversation with your audience," said Christina Wootton, vice president of global brand partnerships at Roblox.
An estimated 50 million people per day come to Roblox worldwide. Over half of users are over 13 years old, with the fastest-growing demographic being 17 to 24-year-olds.
"What's really neat about Roblox is we're able to reach out to people who maybe haven't been able to find us on their own, maybe people who aren't in yoga studios, who aren't in their own practice, and maybe haven't even discovered meditation yet," Wilson said.
To celebrate Flutter Entertainment's debut on the NYSE, FanDuel CEO Amy Howe shares her thoughts on the company's plans for growth, the future of online sportsbetting, and Super Bowl Sunday.
Investopedia's Caleb Silver shares thoughts on the upcoming Fed meeting, why individual investors are still slightly skeptical, and what he's looking for from mega cap tech earnings.
Season's greetings! Tax season, that is. January 29 is the first day you can file your tax return. We walk you through each step — plus a checklist you can download.
The Q-Collar helps protect athletes from impact-related concussions. Now, the U.S. Army is evaluating if the device could help reduce traumatic brain injury cased by blast weapons.
Co-founder and executive chairman of the board at Vaxxinity Lou Reese shares how the company is working to bring vaccines for chronic illnesses like heart disease and Parkinson’s to market with an eye for accessibility.
Mario Veneroso, Kingsview Asset Management Partner, weighs in on the latest economic data and whether the market is pricing in too many rate cuts for the coming year.
Apple has rolled out an update to its operating system this week with a feature called Stolen Device Protection. It makes it a lot harder for phone thieves to access key functions and settings, and users are being urged to turn it on immediately.