It is something which is traded within a game or something very similar. Certain virtual reality simulations could be classified as games as well and also include virtual currency is an virtual and complex in game economies. There are many different examples of this.
Some virtual economies operating completely different ways to others. For example, you have typical and very popular games such as World of Warcraft which has an extremely useful and essential component to it, that being gold, also a virtual currency.
Currency earned within the game is used to buy items within the game. The currency can be earned in the game through a number of methods depending on the game. For example, in World of Warcraft, there are dozens of different ways of getting gold, the in game currency.
Games which are more focused on economics and things such as that like Second Life, actually have an official exchange rate with the United States dollar. Their currency is actually worth something on the stock market’s and what is even more amazing, big business is actually invest in it.
World of Warcraft is just one of many, but it also happens to be one of the most popular examples and with twelve million players, and steadily rising still, there are many people earning gold in the economy and selling it for real world money. Many other games of this sort operate in very similar manners.
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