Virtual Goods Turnover $3B

Discussion in 'General Discussion' started by ManyGash, Aug 4, 2011.

Virtual Goods Turnover $3B
  1. Unread #1 - Aug 4, 2011 at 6:40 PM
  2. ManyGash
    Joined:
    Apr 30, 2011
    Posts:
    525
    Referrals:
    1
    Sythe Gold:
    5

    ManyGash Forum Addict
    Trade With Caution

    Virtual Goods Turnover $3B

    World Bank: gold farming (etc) paid poor countries $3B in 2009

    Can anyone confirm this?
    This is a hell of a lot of virtual goods/services.
     
  3. Unread #2 - Aug 4, 2011 at 7:03 PM
  4. Tckr
    Joined:
    Nov 25, 2010
    Posts:
    3,262
    Referrals:
    0
    Sythe Gold:
    3

    Tckr Grand Master
    $5 USD Donor New

    Virtual Goods Turnover $3B

    I wouldn't be surprised at all if it was true.
     
  5. Unread #3 - Aug 4, 2011 at 7:04 PM
  6. dence47
    Joined:
    Aug 17, 2010
    Posts:
    50
    Referrals:
    0
    Sythe Gold:
    0

    dence47 Member

    Virtual Goods Turnover $3B

    Gaming is progressing every year by a whole lot. I would no be surprised either.
     
  7. Unread #4 - Aug 4, 2011 at 8:00 PM
  8. ManyGash
    Joined:
    Apr 30, 2011
    Posts:
    525
    Referrals:
    1
    Sythe Gold:
    5

    ManyGash Forum Addict
    Trade With Caution

    Virtual Goods Turnover $3B

    One small change in games like WoW and RS can cause these markets to collapse, thats a lot of money wagered into this market though don't you agree?
     
  9. Unread #5 - Aug 4, 2011 at 8:36 PM
  10. Sillymonkey
    Joined:
    Feb 13, 2011
    Posts:
    2,607
    Referrals:
    1
    Sythe Gold:
    16
    Discord Unique ID:
    380189284847845377
    Discord Username:
    Fatty#9347
    <3 n4n0

    Sillymonkey Grand Master
    $5 USD Donor New

    Virtual Goods Turnover $3B

    When you think about it from a global prospective $3B isn't much.

    It is for an individual, but not for a world-wide industry.
     
  11. Unread #6 - Aug 4, 2011 at 8:42 PM
  12. The Black Tux
    Joined:
    Apr 19, 2009
    Posts:
    10,306
    Referrals:
    30
    Sythe Gold:
    55
    Vouch Thread:
    Click Here
    Two Factor Authentication User Cool Kid Former OMM Cook RsProd Sythe Awards 2012 Winner Village Drunk

    The Black Tux Veteran
    The Black Tux Donor Java Programmers PHP Programmers

    Virtual Goods Turnover $3B

    I doubt produced, but traded, possibly.
     
  13. Unread #7 - Aug 4, 2011 at 10:51 PM
  14. Kodak
    Joined:
    Mar 22, 2010
    Posts:
    2,210
    Referrals:
    9
    Sythe Gold:
    0

    Kodak Grand Master
    $50 USD Donor New

    Virtual Goods Turnover $3B

    If its by the World Bank I'd imagine its quite legit. - Thats a lot of money lol.
     
  15. Unread #8 - Aug 4, 2011 at 10:54 PM
  16. Nimla
    Joined:
    May 15, 2009
    Posts:
    340
    Referrals:
    0
    Sythe Gold:
    0

    Nimla Forum Addict
    Banned

    Virtual Goods Turnover $3B

    I guess you can call it an "industry" now.

    Related pic.

    [​IMG]
     
  17. Unread #9 - Aug 4, 2011 at 11:48 PM
  18. kill dank
    Joined:
    Mar 4, 2010
    Posts:
    6,471
    Referrals:
    2
    Sythe Gold:
    13
    St. Patrick's Day 2013

    kill dank Hero

    Virtual Goods Turnover $3B

    The cash value of the virtual items traded is worth billions. But the games themselves arent worth close to that. There may be a billion dollars worth of runescape gold, but Jagex couldn't sell Runescape for that much.
     
  19. Unread #10 - Aug 5, 2011 at 12:18 AM
  20. JohnK
    Joined:
    Nov 7, 2008
    Posts:
    5,348
    Referrals:
    6
    Sythe Gold:
    5

    JohnK A$AP
    Retired Sectional Moderator

    Virtual Goods Turnover $3B

    I'm not really surprised at all, it's just going to get bigger too.
     
  21. Unread #11 - Aug 5, 2011 at 12:25 AM
  22. Sillymonkey
    Joined:
    Feb 13, 2011
    Posts:
    2,607
    Referrals:
    1
    Sythe Gold:
    16
    Discord Unique ID:
    380189284847845377
    Discord Username:
    Fatty#9347
    <3 n4n0

    Sillymonkey Grand Master
    $5 USD Donor New

    Virtual Goods Turnover $3B

    What people have to consider is that some games are designed around RWT via microtransactions, etc. and I strongly assume transactions like that are included in this figure.

    Take Second Life for example, people run "night clubs" and "stores" that literally earn all of their IRL income for them, and it is a fairly good income if they have a good concept.

    ^Taking that into consideration especially, 3B isn't much. With the growth of the internet and evolution of online gaming/the generations on the net, I can definitely see that figure growing significantly larger in the near future.
     
  23. Unread #12 - Aug 5, 2011 at 5:20 AM
  24. Ricky
    Joined:
    Oct 6, 2010
    Posts:
    4,001
    Referrals:
    8
    Sythe Gold:
    10

    Ricky Formerly Panic

    Virtual Goods Turnover $3B

    That's amazing, but like others have said not surprising
     
  25. Unread #13 - Aug 5, 2011 at 8:05 AM
  26. oxodium
    Joined:
    Feb 4, 2011
    Posts:
    3,149
    Referrals:
    1
    Sythe Gold:
    0

    oxodium Grand Master
    Banned

    Virtual Goods Turnover $3B

    Valid source too, sounds about right. There's a hell of a lot of money to be made in virtual trading. Just look at the amount of runescape gold sites set up...
     
  27. Unread #14 - Aug 5, 2011 at 9:49 AM
  28. FlyingToast
    Joined:
    Dec 12, 2010
    Posts:
    7,010
    Referrals:
    3
    Sythe Gold:
    397
    Blue Turtle Pokémon Trainer Gracious

    FlyingToast I Don’t Have An Xbox ,Sorry
    Legendary

    Virtual Goods Turnover $3B

    I'm really not surprised to be honest. Who wouldn't want to drop a couple bucks to buy gold instead of grinding it out themselves, or even having to level their own skills.

    The way MMO's are designed, you've never "beat the game" so there is always some work to do on your account, or more money to gain. Because of this the business possibilities are huge, lol.
     
  29. Unread #15 - Aug 5, 2011 at 11:14 AM
  30. Hahanerd
    Joined:
    Jul 25, 2009
    Posts:
    19,358
    Referrals:
    86
    Sythe Gold:
    1,591
    Discord Unique ID:
    224351757424132106
    Discord Username:
    Hahanerd
    Former OMM Pool Shark (2) Detective Two Factor Authentication User Nitro Booster In Memory of Jon Rio 2016 Community Participant Sythe's 20th Anniversary

    Hahanerd
    Retired Global Moderator Cracker Head Mudkips $100 USD Donor

    Virtual Goods Turnover $3B

    Seeing as this is in 2009, I can only assume that the amount has gone up in 2 years.
     
  31. Unread #16 - Aug 5, 2011 at 5:34 PM
  32. Snow Patrol
    Joined:
    Jan 23, 2009
    Posts:
    6,538
    Referrals:
    7
    Sythe Gold:
    18

    Snow Patrol Emeritus

    Virtual Goods Turnover $3B

    Sources? I'd like to read an article regarding Virtual Currencies/Services
     
  33. Unread #17 - Aug 6, 2011 at 9:42 AM
  34. TheMaker
    Joined:
    Apr 19, 2010
    Posts:
    1,723
    Referrals:
    3
    Sythe Gold:
    0

    TheMaker Guru
    Banned

    Virtual Goods Turnover $3B

    i am quite sure that atleast 1% of that 3B comes from trades here at sythe ;)
     
  35. Unread #18 - Aug 6, 2011 at 11:22 AM
  36. CheeseyChicken
    Joined:
    May 13, 2011
    Posts:
    632
    Referrals:
    0
    Sythe Gold:
    0

    CheeseyChicken Apprentice
    Banned

    Virtual Goods Turnover $3B

    virtual market just keeps growing, will be even bigger in say 10 years time, this site could become huge.
     
  37. Unread #19 - Aug 6, 2011 at 11:24 AM
  38. obby kil you
    Joined:
    Jul 19, 2011
    Posts:
    91
    Referrals:
    0
    Sythe Gold:
    0

    obby kil you Member
    Banned

    Virtual Goods Turnover $3B

    i'd say this is already huge.
     
  39. Unread #20 - Aug 6, 2011 at 4:15 PM
  40. Loyal 2 da game
    Joined:
    Jan 5, 2006
    Posts:
    4,691
    Referrals:
    0
    Sythe Gold:
    672
    Two Factor Authentication User

    Loyal 2 da game Formerly known as Loyal To The Game

    Virtual Goods Turnover $3B

< Cloak of Invisibility invented! | Made a new forum >

Users viewing this thread
1 guest


 
 
Adblock breaks this site