Virtual Currencies: The Rise of a Not-So-Virtual Monetary Unit

From FarmVille Dollars to the Evony Cent,
nearly every virtual world, multiplayer game and online environment
seems to be adopting synthetic currencies – the little tokens we
happily give our real money to acquire.

Virtual
currencies each have their own exchange rate, from L$250 to $1 in
Second Life to 50 Evony Cents for $5 and everywhere in between. But
once successful virtual currency company now claims the success of a
virtual currency has little to do with its price.

Continue reading Virtual Currencies: The Rise of a Not-So-Virtual Monetary Unit

Can Virtual Currencies Eclipse Real Currency?

Isk-guide-header

EVE Online's ISK: The currency of the future?

From FarmVille Dollars to the Evony Cent, nearly every virtual world, multiplayer game and online environment seems to be adopting synthetic currencies – the little tokens we happily give our real money to acquire.

Virtual currencies each have their own exchange rate, from L$250 to $1 in Second Life to 50 Evony Cents for $5 and everywhere in between. But once successful virtual currency company now claims the success of a virtual currency has little to do with its price.

Pixels and Policy investigates Cellufun's claim that content – not cost – is the prime indicator of a virtual currrency's success.

Continue reading Can Virtual Currencies Eclipse Real Currency?