Roblox has acquired Loom.ai for an undisclosed price to enable its users to create realistic 3D avatars. Roblox also delayed its IPO.

Roblox Corp (NYSE: RBLX) is one of the names commonly mentioned in metaverse conversations as the company continues to reimagine the way people come together through shared experiences.

Roblox will offer layered clothing and facial gestures for more realistic avatars The company announced the experimental features at its annual developer conference.