Stockrise, Roblox’s highest-grossing stock simulator game, has been acquired by the socialfi gaming platform Pip World for an undisclosed price. The acquisition is expected to help Pip users develop practical risk assessment and trading skills. The deal sees Stockrise join Pip’s social games ecosystem, which includes the immersive trading strategy simulator game Pip Trader.
Boosting Prospective Traders’ Financial Knowledge
The socialfi gaming platform Pip World has acquired Roblox’s highest-grossing stock simulator game, Stockrise, for an undisclosed price. Pip World’s 7 million budding Gen Z traders will be able to bolster their financial acumen through simulated trading.
According to a statement, Stockrise’s trading simulator presently offers players a hyper-realistic paper trading experience of stocks and cryptocurrencies. While the statement describes the experience as a fun and consequence-free environment, it nonetheless helps users develop practical risk assessment and trading skills. In addition, users are rewarded for their daily time investment.
Remarking on his firm’s acquisition, Saad Bachir Al Naja, Pip World CEO, reflected on his experiences as a teenager when he first attempted to learn to trade. He also explained the importance of gaining trading skills at a young age.
“I believe the financial decisions we make earlier in life end up shaping our futures. Wealth positions can easily change for the better with improved financial literacy and informed moves. That enabling Gen Z to make the best possible decisions from a younger age, with all the possible options at their disposal, will have a compound effect on their future.”
As a result of the acquisition deal, Stockrise joins Pip’s social games ecosystem, including the immersive trading strategy simulator game Pip Trader. Using $10 million raised via an oversubscribed pre-seed round, Pip World is also set to implement “game-changing” improvements that will elevate Stockrise to a AAA experience, the statement added.
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