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Creating Virtual Economies: The Ultimate Guide

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Introduction

Virtual Economies are an emergent phenomenon. Companies have a lot to gain by that successfully creating virtual economies around their platforms. Data and experiences from virtual economies may also help economists, social scientists and policy makers improve our real-world economies.

This post is split into two sections:

Part 1 describes virtual economies, businesses that can benefit from virtual economies, relevant technologies and key economic principles required to understand how to create a virtual economy.

Part 2 presents a comprehensive process for creating a virtual economy. This includes defining how value is created and exchanged, economic planning and governance mechanisms, user ...

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