Trading Virtual Money
Making money from virtual money is becoming increasingly a common phenomena. I’m talking about the business of selling and buying GAMES’ currencies (gold) such as World of Warcraft , EverQuest or Ultima Online ..etc. People are willing to pay real money in exchange for virtual money for the sake of having fun and pleasure. I even saw my friend who paid real money to get virtual money to play a game in FaceBook.The number of virtual currencies providers (stores)are increasing exponentially. These stores are spread everywhere in the world. From East-such as China (which has the biggest ratio) to the west. The economy of such games is enormously huge, it was estimated that GOLD money industry is valued in billions of Dollars. However some game providers ban trading gold, because it harms the game’s economy.
The game industry has attracted many of academics’ attention. They came up with many theories from a variety of scientific backgrounds (psychology , economy, sociology, etc.) doing their best to explain what’s happening inside and outside games, as games becoming the information age’s big event. One of the interesting analysis that I came across on Youtube was done by a game researcher and virtual money trader Julian Dibbell. He even wrote a book about making money from games.
I’m wondering, how many other models are similar to the above which are based on making businesses from virtual services or currencies. Some game companies organize tournaments, in which they reward skilled players when they win. This could be a good income source for gamers who are good at playing and are passionate about it. Its like snooker, you get paid for being professional. If you have good experience at testing and developing games, companies might hire/pay you to test their games. You can also sell your service in the form of consultations, by writing for example guides or eBooks. There is the business of “Power Levelling” : this service is provided by some stores to help you achieve the status/rank/gear that you wish to obtain. They charge you real money for it, and it varies depending on the difficulty or other factors.
If you claimed- in the past (correct me if I’m wrong) that you can make money from playing games,nobody would listen to you and they probably would be right. Nowadays its possible to play for fun and make money out of it, thanks to the technology and the internet.
