‘World of Warcraft’ video game currency now worth more than Venezuelan moneysteemCreated with Sketch.

in #money7 years ago

From TheBlaze

Digital gold from Blizzard’s massive multiplayer online game “World of Warcraft” is worth more than actual Venezuelan currency, the bolivar, according to new data.

Venezuelan resident and Twitter user @KalebPrime first made the discovery July 14 and tweeted at the time that on the Venezuela’s black market — now the most-used method of currency exchange within Venezuela according to NPR — you can get $1 for 8493.97 bolivars. Meanwhile, a “WoW” token, which can be bought for $20 from the in-game auction house, is worth 8385 gold per dollar.

According to sites that track the value of both currencies, KalebPrime’s math is outdated, and WoW gold is now worth even more than the bolivar.

According to the site dolartoday.com, which actively tracks the worth of the bolivar on the black market, the bolivar has dropped to 11,185.95 per dollar since KalebPrime posted .

Meanwhile, according to mmobux.com, which tracks the value of WoW’s in-game currency for sales outside of the game, the lowest sale of 10,000 gold in a real life exchange will get you $1.21.

This drop in the worth of the bolivar is stark compared to its worth just a few months ago. In May, 279 bolivars would net $1, according to CNN Money. In June, the worth dropped to 408 bolivars for every dollar.

The Venezuelan bolivar has continued to see a massive decline in worth over the past few months, becoming essentially worthless. In May, it was reported that inflation within the country was suspected to surge 720 percent by the end of 2017 and a staggering 2,068 percent the following year.

Read more: http://www.theblaze.com/news/2017/07/31/world-of-warcraft-video-game-currency-now-worth-more-than-venezuelan-money/
Follow @contentjunkie to stay up to date on more great posts like this one.

Sort:  

Solution : Turn Venezuela into World of Warcraft, charge monthly fee to live there.

the news is a bit too old

its Great :) thank you for sharing

This post has been ranked within the top 80 most undervalued posts in the first half of Aug 06. We estimate that this post is undervalued by $10.44 as compared to a scenario in which every voter had an equal say.

See the full rankings and details in The Daily Tribune: Aug 06 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.

If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.

Coin Marketplace

STEEM 0.28
TRX 0.12
JST 0.033
BTC 61691.46
ETH 3047.50
USDT 1.00
SBD 3.88