Tuesday, September 7, 2010
Virtual currency
In this day and age, many companies are generating revenue from social media such as Facebook, but how many of us know how this goes? Let’s imagine that you are a game application developer and you have built a Facebook application. The users (gamers) have to collect “gold coins” (virtual currency) to purchase the tools and equipments (land and weapons) in the game. According to Fazal H (2009), companies for instance, Adparlor, Super Rewards, and OfferPal provide an alternative for the users to get those “gold coins” through mobile phone or completing a survey. Therefore, you as the developer will make real money from there. Besides that, Farmville and Mafia Wars game makers are also making money once the users sign up for trial versions of the software (Quenqua D, 2009).
Virtual currency seems to be a well-known terms for online gamer as it is the money that used by gamer to purchase goods and services in the game and the value of virtual currency is equivalent to the cash in real world. For example, the @cash in Maple Story can be used for maplers to purchase items in Cash Shop such as weapons, clothes, pets, equipments, hair coupon and others. This enables players to design the character in game with fancy and attractive clothing and outlook.
References:
Quenqua D, Injecting advertisers into the market for virtual currency 2009, viewed 7 September 2010, http://www.clickz.com/clickz/news/1703596/injecting-advertisers-into-market-virtual-currency
Fazal H, Virtual currency monetization 2009, viewed 7 September 2010, http://www.socialadblog.com/2009/06/virtual-currency-monetization.html
(MapleSEA) cash shop surprise (2009), viewed 6 September 2010, http://www.youtube.com/watch?v=f_I9ICWIF_Y&feature=related
Sunday, August 29, 2010
Hello~
Hi everyone, I'm Yee Chyn currently majoring in Accounting. Nice to meet you all and I think this will be a great place where we can learn something from each other. Feel free to leave any comments and thoughts, we really appreciate it.
Have a nice day and welcome to our blog! ^^
Have a nice day and welcome to our blog! ^^
Saturday, August 28, 2010
Self Introduction
- Theresa a.k.a. Kim Foong (21 year-old)
- Major in Accounting, Final Year Final Sem
- From Kuching, Sarawak
- Love food, shopping & movies
- Hate assignments & exams >.<
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