In an effort to address child safety concerns, digital gaming platform Roblox announced Monday that it is rolling out a major update to its safety features and parental controls.

Rumors have been swirling that popular online gaming platform Roblox is shutting down. Roblox allows users to make a virtual universe and participate in millions of games and interactive environments.

The rumors that Roblox is shutting down emerged as lawsuits allege the gaming platform is not a safe environment for minors. Here's what to know.