Is Roblox appropriate for 10 year olds?

As a concerned parent, I'm wondering if Roblox is a suitable platform for my 10-year-old child. I've heard it's a popular game among kids their age, but I'm not sure if it's age-appropriate. Can you provide some insights into the content, safety features, and potential risks associated with Roblox for this age group? Additionally, are there any parental controls or guidelines I should be aware of to ensure my child's safety and well-being while playing?