Is MMO Game Currency Like NW Coin Similar to Cryptocurrencies & Bitcoin?

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Outside of the crypto-community little is known that, in fact, there are other digital assets that also hold great value and this trend is actually ongoing for years and decades. The popularity of World of Warcraft, which was released in 2004 introduced its game currency, known as WoW Gold, which has been the subject of real money trade ever since. Hundreds, if not thousands of website actually sell it daily to millions of players. World of Warcraft brought the release of dozen MMOs like Age of Conan, The Elder Scrolls Online, Final Fantasy, Runescape, Star Wars Online, Guild Wars 2, Path of Exile and the upcoming New World, a game developed by Amazon Games.

 

What Are Video Game MMO Currencies?

MMORPG Games stands for Massively multiplayer online role-playing game. These games are based around unusually large virtual worlds that function just like the real world. To thrive and exist there, virtual money is needed, and each and every game has its own set of currency, usually called game gold, credits or coins, depending on the game. These games have no “pause” – A player can log out, come back to login and the game resumes where he left it, retaining all of the game valuables that the player had on it’s game character, including items like wood, stone, food, water, weapons, armor and most importantly, gold or coins.

Virtual game money is used in the games for anything and everything, just like in the real world. The more money a player has, the more it can dominate the world around him and the other players, through various means.

However, collecting these gold coins inside the game is a daunting task. Not many players are good at it and the majority of them almost in every game always lack dozens of coins to buy precious upgrades for their game character. This brought what is widely known as “chinese gold farmers” – literary internet cafe factories of players doing nothing inside the game except collecting these coins and selling them to players.

Just like cryptocurrencies, the value of the virtual game currencies can shift, go up and down depending on the current status of the game and economy of the game server. Example given, when WoW Classic was released in August 2019, the price for buying a game mount, basically a horse that allows the player to travel at additional 100% speed was around 5000 gold coins, which then amounted for almost $1000.00 in USD.

With the release of WoW Classic, we saw an increase in people investing in game currency just like they did with BTC or ETH. They would buy large amounts of coins, store them on game characters and then distribute them for a better price to players.

 

Amazon Games MMO – New World Brings Great Opportunity for Investing

Amazon’s game department called Amazon Games, has been developing its own MMO game called New World since 2016. The game’s release was postponed several times and it’s set to be released on 28th September, 2021. The last closed beta testing which was ongoing in July and August revealed an interest of literary over million of players active during a beta test, with dozens of million views on many of the Youtube videos which were broadcasting the testing. The game is very similar to World of Warcraft and it is expected to have at least 30 million people playing it once it is launched. This makes it a great market place for anyone interested to trade with its game currency called NW Coin, shortly for New World Coins.

 

 

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