Tag Archives: virtual currency

Blizzard Changes Course, Integrates Real Money Trading Into Diablo III

If you’re a hardcore player of World of Warcraft, you know how stringently its parent company, Blizzard, has fought to keep the spectre of real money trading (RMT) from corrupting the game.  Gold farming and power leveling were/are scourges of … Continue reading

Posted in International News, Multi-user Online Environments, Virtual Currency, Virtual Items / Virtual Goods | Tagged , , , , , , , , , , , | Leave a comment

Feeding Virtual Horses Sparks an IP Battle in Second Life

I’m not sure how I missed this story when it first emerged last winter.  A company that designs and sells virtual animals in Second Life is suing a competing animal maker over the IP behind the way the companies make … Continue reading

Posted in Legal Developments, Litigation, Multi-user Online Environments, Virtual Currency, Virtual Items / Virtual Goods, Virtual Stuff..., Virtual Worlds | Tagged , , , , , , , , , , , , , , , , , , | 2 Comments

A Real “Virtual Currency” Emerges: Could BitCoins Threaten “Real” Currencies?

I’ve talked fairly often on this blog about the trade of virtual goods and virtual currencies in virtual worlds such as Second Life or Facebook.  While novel, neither of these elements are legally what they claim to be.  With respect to virtual … Continue reading

Posted in Multi-user Online Environments, Virtual Currency, Virtual Items / Virtual Goods, Virtual Worlds | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , | 2 Comments

Chinese Divorce Court Denies Woman’s Claim to Shared Virtual Assets

The breakup of a marriage can be as traumatic in a virtual world as it can be in the real world.  We have already seen how it affects gamers in Korea, where the popular game Maple Story even features in-world … Continue reading

Posted in International News, Virtual Currency, Virtual Items / Virtual Goods, Virtual Worlds | Tagged , , , , , , , , , , , , | Leave a comment

Last Minute Gift Ideas: Facebook Is Now Selling Gift Cards

Just a quick link to share this timely article in case you’re out of ideas for your 8-year-old niece or nephew. You can buy Facebook Credits at your nearest Target store. This story from Variety discusses the new giftcards and … Continue reading

Posted in Social Networks, Uncategorized, Virtual Currency, Virtual Items / Virtual Goods | Tagged , , , , , , , | Leave a comment

Virtual Item Sales Drive Profits for Sony’s Home VW

News out this week from Venture Beat talks about the growing success of Sony’s Computer Entertainment’s PlayStation Home online virtual world for PlayStation3 game console owners.  Sony announced that it now has more than 17 million users who come to … Continue reading

Posted in Virtual Items / Virtual Goods, Virtual Worlds | Tagged , , , , , , , , , , , , | 1 Comment

Second Life is Finally Calling Linden$ Tokens

Linden Lab, the creator of Second Life, issued a revision to its Terms of Service agreement earlier this month.  The terms span 23 pages in Times New Roman in 11pt font, so if you’re not the sort of person who … Continue reading

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