Untitled Document
Not a member yet? Register for full benefits!

Username
Password
 The US virtual economy is set to make billions

This story is from the category Business
Printer Friendly Version
Email to a Friend (currently Down)

 

 

Date posted: 30/12/2009

Virtual goods such as weapons or digital bottles of champagne traded in the US could be worth up to $5bn in the next five years, experts predict. In Asia, sales are already around the $5bn mark and rapidly growing.

For many, virtual goods are one of the hottest trends in technology and are fuelling huge growth in the social gaming sector.

"This is just an exploding part of the gaming business right now, said venture capitalist Jeremy Liew.

"It is the most exciting area in gaming," he said. "We have seen companies go from nothing in the last 18-24 months to tens and hundreds of millions of dollars in revenue."

See the full Story via external site: news.bbc.co.uk



Most recent stories in this category (Business):

14/12/2016: UK: Amazon makes first drone delivery

09/11/2016: GoPro recalls drone after power failure

16/09/2014: Airware’s operating system makes drones simple to build and modify for multiple applications

10/09/2014: Barclays taps vein biometrics in bank fraud fight

28/08/2014: Bitcoin shows staying power as online merchants chase digital sparkle

02/10/2013: Telecommuting can be beneficial for a work/life balance

07/09/2013: Nintendo faces 'path to irrelevance', says Atari founder

14/06/2013: Smart technology makes its way into lighting