Think Your Virtual Items Are Worthless? Think Again
Your virtual bags are overflowing with items. Unless you can use them in-game, they’re completely useless – right? Think again. There are eager players in some of today’s hottest games who just can’t wait to get their hands on your “worthless” virtual things – and they’re willing to pay real cash for them. Don’t believe me? Here’s proof:
EVE Online – Ships are Worth Thousands of Real Dollars
EVE Online is a sophisticated sci-fi MMO, and it has a thriving economy. Players do more than just trade in-game currency – they trade real money, too. EVE has an organic universe that’s unlike any other MMO out there. At the height of battle, it’s estimated that total player losses can range from $300,000 to $500,000. Most of those losses come from wreckage of the game’s colossal Titan ships, which – get this – can cost between $3,000 and $3,500 a piece in real world money (that’s one expensive virtual item).
In EVE, real money is truly lost when these types of wreckages occur. Just take a look at the Bloodbath of B-R5RB. This was one of the biggest – if not the biggest – online battle in history. And it was one of the most costly, too. The economic impact of this epic battle roughly 11 trillion ISK. That equates to about $300,000-$330,000, according to some PLEX conversions.
Entropia Universe – Exchange PEDs for U.S. Dollars
Entropia Universe is an MMO virtual universe created by MindArk, a Swedish software company. The game made the Guinness Book of World Records in 2004 and again in 2008 for having the most expensive virtual items ever. As of today, the most expensive item purchased was Club NEVERDIE for $635,000 USD. The property was sold to a group of participants. The second highest item, the Crystal Palace Space Station, was sold for a whopping $330,000 USD.
Like other MMO games, Entropia uses a micropayment system. Players can buy in-game currency (PED) with real cash. PEDs can be redeemed for U.S. Dollars at a rate of 10:1. In other words, those items you collect in the Entropia world have actual cash value. Players can exchange their virtual currency for U.S. dollars anytime they like at the fixed 10:1 ratio (minus any transaction fees, of course). Players have to withdraw at least 1,000 PED to exchange for real cash.
It’s free to make an account on Entropia, but nearly all of the game’s in-game activities require you to use some kind of resource that needs to either be bought from a vending machine, or another player.
The bottom line? If you’re playing Entropia, your virtual items really are worth real money. And if you have the right items (or properties in this case), they might be worth thousands.
Second Life – It’s More Than Just a Game
Actually, Second Life isn’t a game at all. Its creator, Lindon Labs, says Second Life is an online virtual world that offers an “open-ended experience”. And entrepreneurs are taking advantage of that.
In Second Life, people create avatars, or virtual representations of themselves, and interact with the virtual world around them. They shop, gamble, interact with other plays, buy properties and start businesses.
Just like Entropia Universe, players are able to exchange Second Life’s virtual currency, Linden Dollars, for real world currency.
Back in 2006, Anshe Chung made headlines when she became the first virtual millionaire. Her holdings in the game legally converted to over $1 million. Anshe started out by making a simple $9 investment into the game – the cost to set up an account. She started buying and building up properties, and selling them at much higher prices. The concept is no different from flipping homes in the real-life real estate market.
While Second Life has declined in popularity over the years, it still has a strong player base. Plenty of players are still making real money in Second Life today.
Dota 2 – Sell Your Items on the Steam Marketplace
Dota2 is a massive online multiplayer battle arena that’s free to play, but players can make real world money through tournaments and selling items.
With Dota 2, teams of two players occupy a stronghold at a corner of the map, and each stronghold contains an “Ancient” building. The opposing team must destroy the building in order to win. Every player controls a hero character that can level up, acquire items and collect gold to improve its chances of winning against the opposing team.
Players have the chance to make a lot of money at the annual International Compendium. At the Compendium, players compete to earn 25% of the international prize pool, which can be worth millions. The best teams from all over the world compete to win the grand prize. Dota 2 tournaments have awarded over $25 million in prize money as of February 2015.
Aside from the competition, players can also earn cash by selling Dota 2 items on the Steam marketplace, which has its own economy.
Those items you collect in Dota 2 may actually be worth real money, and you can sell those in-demand items right on the Steam community marketplace.
Counterstrike: Global Offensive – Sell Skins for Cash
Counterstrike: Global Offensive has a strong player base, and some of those players are making hundreds of dollars by selling something seemingly worthless: weapon skins.
Skins may not improve your weapon stats in Counterstrike: Global Offensive, but that doesn’t stop players from paying a lot real world cash for them. The cosmetic appeal of these skins is clearly worth a lot of money, and they’re in high demand. Just take a look at the latest listings of CSGO on the Steam Marketplace. New skins are easily worth hundreds of dollars, which makes it worthwhile to spend the time “crates farming” and “opening cases” for those in-demand-items.
With so many massive online games, there are plenty of opportunities to make real world money. Every title has its own currency, or gold, that can be converted into cash. It’s never too late to start farming for gold and flipping virtual items that are in high demand.