{"id":17314,"date":"2020-03-02T12:36:31","date_gmt":"2020-03-02T12:36:31","guid":{"rendered":"https:\/\/rbsitsoftwaresolution.com\/blog\/making-money-from-games-the-future-of-virtual-economies.html"},"modified":"2020-03-02T12:36:31","modified_gmt":"2020-03-02T12:36:31","slug":"making-money-from-games-the-future-of-virtual-economies","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/making-money-from-games-the-future-of-virtual-economies.html","title":{"rendered":"Making money from games: The future of virtual economies"},"content":{"rendered":"

Fictional portrayals of virtual<\/span> worlds such as \u201cReady Player One\u201d and \u201cThe Matrix\u201d typically portray the physical and virtual worlds as distinct realms siloed from each other. Characters escape a dystopian, impoverished physical realm and enter a separate, utopian virtual realm in which they are wealthy and important.<\/p>\n

Our non-fictional future won\u2019t have that dichotomy. One main reason is money. Any virtual world has a virtual economy, and when that virtual economy gets really big, it integrates with our real-world economy. That is in equal parts due to market forces and government intervention.<\/p>\n

This is part six of a seven-part series about \u201cmultiverse\u201d virtual worlds<\/a>. <\/strong>We will explore the dynamics of games\u2019 virtual economies, the exchange of virtual assets for real money, challenges with money laundering and underage gambling, the compliance infrastructure needed for virtual economies, and the challenges in balancing a virtual economy\u2019s monetary supply.<\/p>\n

What separates virtual from \u201creal\u201d is the ability to make money<\/h2>\n

To many people, the idea of spending time in virtual worlds amassing in-game currency and trading goods still sounds like the geeky science fiction hobby of someone who needs to \u201cget a real job.\u201d<\/p>\n

Our society gauges the worthiness of pursuits based on their social and economic productivity, and most people don\u2019t view virtual worlds as productive places. As more people find enjoyment in virtual worlds and respect people with accomplishments in them, however, vying for accomplishment with those worlds will increasingly be viewed as socially productive. As more people start earning an income through work in virtual worlds, perception of economic productivity will quickly change, too.<\/p>\n

Virtual worlds will be viewed as digital extensions of \u201cthe real world\u201d and working a full-time job in a multiverse virtual world will become as normal as someone working in a social media marketing role today.<\/p>\n

Article source: http:\/\/feedproxy.google.com\/~r\/techcrunch\/social\/~3\/le5_e0fmrGI\/<\/p>","protected":false},"excerpt":{"rendered":"

Fictional portrayals of virtual worlds such as \u201cReady Player One\u201d and \u201cThe Matrix\u201d typically portray the physical and virtual worlds as distinct realms siloed from each other. Characters escape a <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[10,7,14,15,6,12,11],"class_list":["post-17314","post","type-post","status-publish","format-standard","hentry","category-latest-update","tag-computer-news","tag-downloads","tag-microsoft-download-news","tag-networking-updates","tag-technology-update","tag-wordpress-plugin-download","tag-wordpress-theme-download"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t