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.
Chris Beauchamp, Chief Market Analyst at IG International, joins J.D. Durkin to give analysis on the recent trade truce between the U.S. and China. Watch!
Shan Aggarwal, VP of Corporate and Business Development at Coinbase, discusses the company's acquisitio of Deribit as it heads into the S&P 500. Watch!
American businesses that rely on Chinese goods are reacting with muted relief after the U.S. and China agreed to pause their exorbitant tariffs on each other’s products for 90 days. Many companies delayed or canceled orders after President Donald Trump last month put a 145% tariff on items made in China. Importers still face relatively high tariffs, however, as well as uncertainty over what will happen in the coming weeks and months. The temporary truce was announced as retailers and their suppliers are looking to finalize their plans and orders for the holiday shopping season. They’re concerned a mad scramble to get goods onto ships will lead to bottlenecks and increased shipping costs.
Shopping expert Trae Bodge discusses how talks between the U.S. and China is good news for now, but uncertainty remains for back-to-school and the holidays.
Jake Traylor, White House reporter at Politico, joins Cheddar to discuss how Trump is aiming to lower drug prices and how it differs from Biden's approach.
DJ X, alongside Molly Holder, Senior Director of Product Personalization, takes us inside Spotify's A.I. DJ and how it's the best new way to listen to music.