Opportunities and challenges for real money trading in virtual world

Nazir, Mohamed, and Lui, Carrie Siu Man (2014) Opportunities and challenges for real money trading in virtual world. In: Proceedings of the Fourteenth International Conference on Electronic Business and the First Global Conference on Internet and Information Systems, pp. 182-188. From: Fourteenth International Conference on Electronic Business and Fourteenth International Conference on Electronic Business and the First Global Conference on Internet and Information Systems, 8-12 December 2014, Taipei, Taiwan.

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Abstract

The consumption of virtual goods in social virtual world is a multibillion-dollar industry. People are willing to pay real money for manydifferent virtual goods and services, including virtual homes and virtual land. With the rapid growth of Real Money Trading (RMT) in social virtual world, it is important to understand the opportunities and challenges facedby both the consumersand the sellers within theRMT virtual world economy.By presenting some selected key events of RMT of two different types ofvirtual world environment, we highlight the opportunities and challenges emerging from RMT.

Item ID: 38155
Item Type: Conference Item (Refereed Research Paper - E1)
Keywords: virtual world, RMT, second life
ISSN: 1683-0040
Date Deposited: 08 Apr 2015 06:15
FoR Codes: 08 INFORMATION AND COMPUTING SCIENCES > 0806 Information Systems > 080602 Computer-Human Interaction @ 100%
SEO Codes: 89 INFORMATION AND COMMUNICATION SERVICES > 8902 Computer Software and Services > 890201 Application Software Packages (excl. Computer Games) @ 50%
89 INFORMATION AND COMMUNICATION SERVICES > 8902 Computer Software and Services > 890203 Computer Gaming Software @ 50%
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