How in-game economies work

“Economies (virtual or otherwise) are governed by the law of supply and demand. The availability of an item affects the demand for that same item. Generally speaking, the lower the availability, the higher the price. In the real world, items of value are finite. They require time…

Blockchain could transform in-game economies

“Now developers have infused in-game economies with real-world currency in an effort to better monetize their products. Instead of using virtual money earned in-game, you might just be asked to fork over real dollars for that next armor upgrade or…

“They’re young. They’re users,” he said. “One of the things that we try and educate our players on – look, to be frank – it’s also an investment opportunity that a lot of guys that have disposable income think that, ‘Oh, I can invest in this new tech startup and make 5X in a year,’ and it’s our job to let them know that’s not the case.”