Creating Virtual Economies: The Ultimate Guide
▻https://hackernoon.com/creating-virtual-economies-the-ultimate-guide-dd39482fb67c?source=rss---
IntroductionVirtual 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 strategies, mapping relationships and best practices regarding architecture, design and (...)
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