19-year-old who makes $10,000 a month from his video game side hustle: 'I never knew that writing could make me' so much money
Megan Sauercnbc.com
Saved by Ben Percifield
19-year-old who makes $10,000 a month from his video game side hustle: 'I never knew that writing could make me' so much money
A prime example is Fortnite, whose massive 350M+ player base represents nearly the same in-game population as the United States… 85% of whom purchase in-game upgrades, skins, and other downloadable content to the tune of $3.7 Billion /yr in sales.
Chris Rempel • Part 2: creating the new frontier – Chris Rempel's Blog
sari added
Gaming is a hits-driven business, where the biggest productions cost hundreds of millions of dollars and need to find a way to recoup their sizable investments. As a result, the companies behind these massive games look for as many ways as possible to mitigate risk, either by copying popular trends (like the battle royale craze of the late 2010s) o... See more
Jason Schreier • The Secret Behind the Success of ‘Baldur’s Gate 3’
Peter Hagen added
As Jack’s followers grew, largely due to the popularity of his NPC series, his opportunities expanded, including an invitation by TikTok to participate in the TikTok Creator Fund, which pays out on a per-view basis on his videos. As Jack’s viewership has grown, this has become a steady source of income, but can fluctuate greatly due to the uncertai... See more
Brian Harwitt • The Economics of a TikTok Creator
sari added
For Americans playing the game as coronavirus lockdowns produce historic spikes in unemployment, the idea that any activity might be seen as viable work is a comfort, and perhaps even an aspiration. Imagine if everyone had a job that they enjoyed, that they were good at, and that could sustain them. What if they could thrive with no job at all, a s
... See moretheatlantic.com • The Quiet Revolution of Animal Crossing
Jonathan Simcoe added
"Market forces. Busy professionals play these games to cool off in the evening. They have money but no time. Then there are skilled gamers with no money but lots of time. It’s a natural ecosystem. Whole economies exist in these virtual worlds.
Daniel Suarez • Daemon
By any measure, conventional or otherwise, the volume of microtransactions shows that the significance gamers attach to their virtual items and achievements can be a real source of economic value.
L'Atelier • The Virtual Economy
sari added
Even though 3.4 billion people play video games—and even though the industry is larger than the music, box office, and sports industries combined—gaming still gets a lot of eye-rolls. For many people, gaming conjures the image of a teenage boy isolated in his mom’s basement. The reality is that the average age of a U.S. gamer is 35; that close to h... See more
Rex Woodbury • Digital Economies, Gaming, and IP Legos
sari added
-This is similar to the modern model of video games with microtransactions
Chris Dixon • The Potential of Blockchain Technology
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