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Connor Muir Comp 1631 Winter 2011
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What is a Virtual Currency? Virtual Currency is a type of money that is used to fuel the economy in online games, generally MMORPG’s The appeal of virtual currency is that generally it can be spent purely on luxury because you don’t require food or other necessities in games.
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Examples of Virtual Currencies Here are some examples of Virtual Currency.
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What gives Virtual Currency Value? There are many things that can cause people to want virtual currency including but not limited to: Enhancing in game experience Acquiring hard to get items Status Symbol Recognition
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How can it be worth something if its not real? To the people who play these games this virtual currency is very real! In the game Second Life you can purchase Linden dollars with real world money and exchange it with other people. So many people profit through Linden dollars that it is recognized as a real currency now As of Jan 30 th 2011 1.00 USD = 253.73 Linden dollars according to ServerSurge.com
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How can people possibly profit off virtual Currency? There is a plethora of ways one can profit off of virtual currency here are some examples: Creation and sale of items Real estate Express services
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Creation and Sale of Items There are many games where you can create and sell your own items. Second Life & IMVU are prime examples. Some MMORPG’s allow you to actually copyright what you have created online!
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Real Life Success! Plenty of people make incredible amounts of money through real estate including Ailin Graef who is a real estate developer in the game Second Life. Ailin just made her first Million dollars(US not Linden) and continues to develop!
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Express Services Express Services are services that further your progress in a game in exchange for real This includes: Gold Farming Account Sales Item Sales.
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Now you are a Virtual Currency Expert!
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