Monday, October 19, 2009

What Exactly Is A Virtual Currency?

By Sam Grant

To those who are not very familiar, if at all, with massively multiplayer online role playing games, then the term virtual currency will mean absolutely nothing to you. A strange concept but certainly not a particularly new one, a Virtual Currency is exactly what it sounds like.

It is something which is traded within a game or something very similar. Certain virtual reality simulations could be classified as games as well and also include virtual currency is an virtual and complex in game economies. There are many different examples of this.

For example, in the popular MMORPG, a World of Warcraft, the currency is simply called gold. This gold is gathered in the game through numerous methods. Examples include doing daily quests, killing monsters in the game that drop gold and many other things.

Currency earned within the game is used to buy items within the game. The currency can be earned in the game through a number of methods depending on the game. For example, in World of Warcraft, there are dozens of different ways of getting gold, the in game currency.

However, some people don't want to grind gold because for some people, doing this, the game becomes more of a chore and starting to seem more like a job when people are supposed to be playing it for fun. This is one of those common problems in these sorts of games.

World of Warcraft is just one of many, but it also happens to be one of the most popular examples and with twelve million players, and steadily rising still, there are many people earning gold in the economy and selling it for real world money. Many other games of this sort operate in very similar manners.

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