Fortnite V-Bucks Won't Be Taxed By IRS… For Now

One day after Roblox ‘s stock hit the market, and things are looking up. The Roblox stock was reported to go public a couple of weeks ago, but it finally opened its doors to the public this afternoon. Many had expected the stock to go live as the market opened at 9:30 AM ET or at noon, but it didn’t go live until much later in the aftern
CNN reports that the IRS quietly deleted the language, with IRS Chief Counsel Michael Desmond telling reporters that the addition of the virtual gaming currencies alongside Bitcoin was a mistake. Perhaps the IRS realized that there is no official way to convert most currencies like V-Bucks back into cash. Though V-Bucks are sometimes used to launder money on the Dark Web, most people use them to purchase new cosmetic it
Roblox , developed by roblox Weapons|https://Robloxrealm.com/ Corporation and published in 2006, is a free-to-play online sandbox game that allows users to create games, like racing games, role-playing games, simulations and whatever else they can write in the game’s programming language, Lua. Players can also play these user-created games, and buy various in game accessories with the game’s virtual currency, Robux. In 2012 a mobile version was released for IOS, and a version for Android was released in 2014. It’s most popular demographic is children of all ages, so it’s rarely used as a political platform of any kind. Evidently, that might be chang
As GameStop attempts to rally following big changes potentially coming to the company, it could prove to be a challenge for Roblox. As attention is split between two high-interest stocks, it could directly impact both of them from hitting the strides they need to really succeed. Roblox reportedly previously delayed its stock after DoorDash and AirBnB went live in 2020 out of fear of getting overshadowed and while GameStop is more volatile, it’s still distracting potential investors who are throwing lots of cash aro
Just like the previous year, the award function can be viewed in-game. The highlight of this year’s awards ceremony is undoubtedly the special guest appearance of the band, Royal Blood. However, the developers have a lot of plans in place this time aro
The Roblox stock sale has been highly-anticipated as of late and it’s one of the most valued companies in gaming. Roblox is valued at a whopping $47 billion and it’s just a company that only has one game. For comparison, EA is valued at $37 billion and Microsoft bought Bethesda for $7.5 billion . Roblox makes these giant developers/publishers look like they’re worth pennies by comparison. The stock had a lot of hype surrounding it given how popular and well-monetized Roblox actually is. The game is similar to Minecraft and allows players to play a variety of custom games, as well as create their own content. Players are even allowed to sell their content, creating a marketplace for Roblox content. This has made it an incredibly lucrative investment for m
This is not the first go at an April Fool’s joke to come from Roblox games. Last year saw the April 1 st announcement of Roblox’s first console, which claimed to provide 8K graphics and 120fps performance. Roblox stated that the ” console ” will be in early access until the year 2999. It has since been revealed to be nothing more than a hat falling under Roblox’s accessory category. The Adopt Me! pet rock update garnered positive responses from players, with the only complaint seemingly being that the pet rock was most likely not going to be a permanent pet in their collection. DreamCraft hasn’t stated how long the pet rock will be available to play
If you are an avid Roblox fan, you might know about the Roblox Annual Bloxy Awards. The Bloxy Awards is a virtual award ceremony that is held every year. This year’s award ceremony is slated to be much bigger than all the previous ye
At this point, nearly every major game utilizes some form of virtual currency. Though the IRS removed the language that included gaming currencies (for now), it’s clear that it has realized the amount of money that can be leached from gamers if it moves forward with reporting requirements for purchased in-game currencies. Most gaming currencies function like gift cards: the currency is bought, and then can be used to buy in-game items. If the IRS moves forward with something like this, it would be like taxing a person’s income and then taxing them again for buying a gift card. That this language was on the IRS website at all was reckless, and more than a little bit ridiculous. Still, it does act as a sign that gamers, especially streamers who accumulate large amounts of virtual currencies, have a lot to worry about if the IRS decides to tax in-game mo
Super Cube Cavern by Bribbleco is a well-developed dungeon crawler game with randomly generated dungeons, ensuring players will never visit the same one twice. These dungeons aren’t too expansive, however, and even though the landscapes are different, they all feel familiar. Super Cube Cavern has a crafting system players can use to combine components found in each dungeon to create unique weapons and armor to help them. At the bottom of each dungeon, players face different bosses, which each have their own attack patterns and feel like well-designed boss fights from hit indie games. The game does get harder the further players delve into each new dungeon, but it also rewards them with more valuable gear and crafting materials. Super Cube Cavern may not be as robust as other dungeon crawlers, but it does provide an experience that feels outside the realm of what should be possible in Robl