Just a few thoughts on virtual currencies!
admin November 26th, 2007
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With the advent of the Web 2.0 and the virtual communities - particularly the gaming communities - there has been increasingly more business models focused upon the enhancement of the user’s experience. In fact, it’s safe to assume that several full-fledged side-economies have emerged, where people exchange real money for virtual money they can use to become further immersed in their virtual experience. Sounds like science fiction? Well, it’s not. This is something many people out there are familiar with through such popular concepts as Second Life, where vast worlds have been created which allow people to interact with each other in intricate ways, thanks to a panoply of virtual applications that closely mimic the real-world dynamics. Not all of these applications are free, and users can buy and sell clothes, items, and enhancements just like in the real world.
If you thought that virtual economies were limited to Second Life, then guess again. This concept has pervaded into other kinds of simulations, most notably online games - which are nowadays referred to as MMORPG (Massively Multiplayer Online Role Playing - quite a pompous name, wouldn’t you agree?). As it turns out, this is actually a multi-million dollar industry; certain predictions aim for an outraging $4 billion market volume in 2008, which is quite impressive. The most popular MMORPG is doubtlessly “World of Warcraft”; you may have heard of this infamous game, but you probably didn’t know there was such a thing as wow gold, which is the standard currency for the game universe. There are several worldwide companies exchanging in wow gold, but not all of them are completely reliable; so if you’re interested in immersing yourself in these virtual worlds of fantasy, make sure you choose a reliable merchant. Otherwise, just keep reality in check while you’re having fun! Just like this:
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