Matthew McCaffrey, 34, is an assistant professor at the University of Manchester and wrote a paper on the challenges regulating micro-transactions
in video games.
This however, is where the ugly system of "micro-transactions
" raises its distasteful head.
The company said that the acquisition represents an acceleration of its strategic initiatives, which over the recent months have included the acquisition of N-Cash, to enable it to offer an end-to-end solution for the micro-transaction
We are enabling a new business model in the form of micro-transactions
for users that prefer the pay-as-you-go model," said Karl Mehta, Founder and CEO of PlaySpan.
Add to this the slow pace caused by the additional of micro-transactions
and loot boxes, and you've got an experience that seems to be geared towards the casual gamer.
Everyone can buy or sell using very fast micro-transactions
enabling currency to be transferred between apps, games, vendors, operators and users in a transparent, trusted and efficient way, instantly buying goods and services or topping up airtime at fraction of normal cost.
are a massive source of revenue for Rockstar, with one analyst claiming the company's Grand Theft Auto V has made over $1 billion from purchase.
Nexon pioneered micro-transactions
and the free- to-play business model, and is widely credited with unmatched global expertise in sophisticated live game operations, nurturing player communities, and for sustaining titles for years, even decades.
If a competitor enabled online payments system for their micro-transactions
, enable yours as well.
Some of the online games like Free-to-Play (FTP) are designed to eventually get you addicted through micro-transactions
that initially seem harmless.
Blockchain can also support micro-transactions
between individuals, a necessary component of the new Internet of Energy.
Though free to download, the gaming firm makes a fortune from the "gambling-like" features they insert into games - known as loot boxes and micro-transactions