The in-game economy is an important aspect of the game, determined by the receipt and spending of financial resources. The most popular in-game currencies are coins, crystals, gold and other resources. In simple words, as in life, in-game money is a means of exchange, that is, the ability to give a certain amount of money in exchange for various items or improvements. Let’s try to understand the issue of game economy as much as possible. This is a very interesting nuance, and there are quite a few types of in-game currencies.

Why do you need in-game currency: the main options for use

Every popular game has several factors that determine interest in it: complexity, plot, purchases for real and virtual money. Game currency is a special financial means necessary for development. The gamer can buy a new castle, car, things for the hero and pay for various services to pass the plot. As in reality, the virtual world requires the player to earn money by completing different missions, mining resources.

Accordingly, there are quite a few ways where to spend in-game currency. Their number depends on the game itself. Why do you need in-game currency:

• Buying items. Any things that help the character to become better, are usually presented in stores. Often they can be found in the virtual world, and there is also an opportunity to get them as a gift. But the most common option is buying;
• Character Improvement. In many games you can pump any strengths, investing in-game currency: silver, gold, gems and so on. Now gamers often apply real money to make the hero much better than the others, playing with an advantage. This is not forbidden and even on the contrary – to increase the power to the maximum in some games can be exclusively for real money or very much in-game currency;
• Extra lives, magic, weapons. When you run out of potions, you can buy them for in-game currency, as well as other necessary things that allow you to achieve your goals;
• Moving around the map. It is also possible to pay with in-game currency for passing through portals and traveling by vehicles. You can move by yourself, but if the game world is huge, it takes a lot of time.

These are just the main options for using in-game currency. You can also use it to help allies, buy magic spells and other things. It all depends on the game and its genre. For example, in the Need For Speed franchise, the first thing a gamer does is to spend in-game currency to buy a car. Then purchases of parts for improvement are made. Also paid is the pumping of different systems of the vehicle to increase power, speed, controllability, using in-game currency. Real money can also be applied. In strategies, game currency is represented by any available resources: gold, minerals, food. All of them are important. In shooters, in-game currency is needed to purchase ammunition, ammunition, weapons, equipment and vehicles. In almost all games you can not buy for in-game currency and any other, only victory over opponents. Otherwise, any thing of value can be purchased, even time.

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In recent years, there has been an increasing merging of virtual and real-world economies. Players not only earn in-game currency, but also exchange it for real money. Phenomena such as trading in-game assets on markets and the use of cryptocurrencies are becoming more common.

The economy of in-game assets is expanding. From unique skins and cosmetic items to virtual real estate, players are investing in digital assets that can generate real income. This opens the door to new forms of business within game worlds.

Cryptocurrencies are playing an increasingly important role in the gaming ecosystem. Using cryptocurrencies for transactions in games provides convenience as well as a level of anonymity. Some projects provide players with the ability to earn cryptocurrency within the game, creating a new level of interaction with digital currency.

Cybersports and streaming are becoming an integral part of the online gaming industry. Professional players and streamers attract sponsors, viewers and revenue from donations. These forms of earning are becoming increasingly important, creating new career paths for gaming enthusiasts.

Technological innovations such as virtual reality (VR) and blockchain technology provide new opportunities for online gaming. VR creates a more intense gaming experience, while blockchain provides security and transparency in the ownership of in-game assets.

In some countries, games are becoming an additional source of income for people. Through various forms of earning, such as selling in-game merchandise, participating in tournaments and streaming, games are becoming a serious focus for those looking for earning opportunities in the digital world.

In conclusion, the industry of online games for making money is in an active state of evolution, and the future promises even more innovation. With the advent of new technologies, economic models and cultural changes, gaming is becoming not only a platform for entertainment, but also an area where the real and virtual worlds intertwine to create unique earning opportunities.

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Keyloggers

A keylogger is software that records user actions (keystrokes, mouse movements, etc.). To install a keylogger, scammers gain the trust of their victim. Also, a message offering to install the program may come from an acquaintance whose account has been hacked.

Attackers persistently ask to download “useful software” or lure users to a phishing site.

What to do?

Do not blindly trust requests to click on an unfamiliar link or install software, even if the message came from a friend.

Phishing

Phishing are fake sites whose URLs look very similar to real sites. The user may not realize that he or she has clicked on a phishing link and entered his or her contact or payment information. In addition, when visiting such sites, malware can be injected into the user’s computer.

This type of fraud is especially popular among gamers. Fraudsters can steal access to your online game account and promise to return it for a monetary reward.

What to do.

Get out of the habit of clicking links in your inbox. If you need to open a link, enter it manually in your browser window.

Infected games

If you download unlicensed or “broken” games, you run the risk of coming across a link that will install not only the game but also viruses on your computer.

In the situation with games, the risk is the same as opening attachments in email or on removable media. Anything that gets into your computer may not be safe.

What to do.

Use quality antivirus software that is regularly updated.

Malware

Among the variety of malware that gamers may encounter, Trojan programs should also be highlighted. Such software has the properties of a keylogger or rootkit, which will give it the ability to read the player’s personal data and leak the collected information to a remote computer.

What to do?

If you like to play online, don’t skimp on this, purchase licensed software.

Cheaters and fraudsters

This type of scam is not so much about software as it is about human ingenuity. There are millions of ways to cheat, and online gaming is no exception. In particular, cheaters may use modified client applications or bots that give them an advantage over other players. Contract battles and even online gangs robbing other players are also found in the vastness of online games.

What to do?

If you are offered something very attractive and almost free of charge, most likely you are being cheated. Be vigilant and do not trust generous strangers.

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Cybersports tournaments attract huge attention of spectators from all over the world, and talented players become celebrities with millions of dollars in fees and a huge army of fans, which is comparable to the popularity of athletes in classic sports. Developing every year, cybersport creates new opportunities for those who seek not just to play games, but to build their professional path.

So, how to earn money in cybersport? Let’s take a look at the popular options.

Career as a professional player

If you love to play and do it better than other players around you, you should consider a career as a professional player. It’s just like regular sports – regular training and participation in real competitions.

The most popular career disciplines are CS2 (CS:GO), Dota 2, Valorant, League of Legends (LOL), Rocket League, Rainbow Six, Apex Legends, Overwatch.

A cyber athlete’s earnings usually consist of:

• Salary in the club (in the pro scene it can be from 2-3 thousand dollars to 20-30 thousand dollars per month)
• Prize money from tournaments. For example, in CS2 during the season there are several dozen tournaments with a prize pool of more than $100,000. The winner usually takes 30-40% of the prize pool, teams ranked 10-15 places get about 2-10 thousand. The prize money is usually divided among the players.
• Personal sponsorship contracts.

Coaching career

What should a player do after he leaves the pro scene? Coach young talent, of course. After all, who better to teach the game than a former pro. Coaching salaries in professional clubs start at 3-4 thousand dollars a month, and coaches are often invited as commentators and analysts by famous streaming studios.

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In the very early 2000s, the world entered the era of multiplayer online role-playing games (MMORPGs). One of the first examples was Ultima Online. Here, players began to master not only the world of fantasy, but also economic opportunities. In-game goods and currency acquired real value, and the army of “gold farmers” engaged in the extraction and sale of game resources grew.

With the advent of World of Warcraft and other popular MMORPGs in the 2000s, the virtual economy became even more complex. Players created virtual enterprises by trading, crafting, and renting virtual real estate. Entities created within the game world began to have real value outside of it.

With the emergence of cryptocurrencies such as bitcoin in the early 2010s, some online games began using them as in-game currency. Players could earn cryptocurrency in games and exchange it for real money. This created a new level of earning by combining virtual and real economies.

With the rise of cybersports and streaming in the 2010s, many players began earning not only in-game currency but also real money through sponsorship contracts, donations, and advertising. Professional players and streamers became real stars, attracting the attention of the online entertainment culture.

With the development of blockchain technology and smart contracts in recent years, some projects offer new ways to make money in online games. The possibility of owning unique in-game assets validated by the blockchain opens the door to the creation of decentralized economies and new earning models.

So, the history of online games for making money is an evolution from simple virtual economies to complex systems where virtual and real worlds intertwine, creating unique opportunities for players in the new digital age.

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Conversion of in-game currency. This method is intended for those games in which the creators initially took into account the possibility of earning real money by completing certain tasks.

In this case, the player needs to complete various quests, get achievements, and so on, depending on the plot of the game, for which he will be assigned a certain amount of in-game currency.

In games with the possibility of earning money, its conversion into money is built into the management system, so the in-game currency is exchanged for real currency at the rate set by the game creators and transferred to the account or electronic wallet of the gamer.

Selling in-game currency and items on the secondary market. This method is used if the game initially does not allow the direct exchange of in-game currency for real money. In this case, the player earns currency or receives valuable items by completing missions, and then turns either to the trading function built into the game or to third-party trading platforms, where he sells his items and currency to other players for real money at the rate set by market conditions.

Selling characters and accounts. This method is one of the oldest, but also the most labor-intensive. A gamer creates a new account and plays on it for some time, accumulating experience, currency, and valuable items.

When it reaches a certain quoted level, the account is sold on third-party trading platforms along with all the inventory. This method is relevant in those games where there is no way to convert in-game currency into money or sell it or items on third-party platforms.

Account upgrading. This type of earnings is prohibited in some countries. In this case, a person engaged in earning money in games gets access to the customer’s account and plays on it until he or she reaches a certain level.

Blogging, streaming … it can be either a separate income or an addition to the above. You can use special services, for example, Twitch, to stream. Having a lot of subscribers and viewers, you can earn money from advertising and receive donations.

There are also several less popular methods, but the main income for players comes from the above options.

Thus, when choosing which game you can make money in, it is not necessary to stop only at projects with direct conversion of in-game currency – you can also choose options for items that are in high demand on the secondary market.

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Despite the fact that such a phenomenon as no deposit games with a withdrawal of money is somewhat alarming at first glance, this phenomenon is quite economically justified.

The main income from a game where users earn money is generated by advertising. Receiving money from its placement in the game, developers share a certain percentage with users, and the difference becomes their profit.

In fact, by providing an opportunity to earn money, the game creators invest in its promotion without much risk, because the vast majority of gamers want to earn money by playing games.

The mechanism of such games is somewhat similar to pyramid schemes, but they are not, so they use a well-thought-out scheme of money distribution. And due to this, games with withdrawal of money can boast of good development and long existence.

Of course, as with other projects, there are scammers here as well. In fact, it is very difficult to understand whether a project is reliable or not, but it is still possible if you follow the following rules:

Never invest in a project that looks nondescript. Because it is clear that this project will exist for at most a month or even less, and you will not receive any profit, and you will not even have time to return what you have invested. Just think about it, if the person who created this project was not smart enough to work on the design, then the script on which it worked was obviously copied, and most likely with errors. So avoid such projects right away.

It is worth observing the project for a while, at least for a week, so you can make sure it works. Analyze the statistics, starting from the number of participants to the size of the reserve fund. If you see that the reserve fund is not growing, but the number of registrations is increasing, it is clearly similar to fraud. Since the reserve fund in games with money withdrawal increases depending on the deposits made by users.

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