So, I don’t know how many of you are gamers, but I feel like I should share a way to introduce fellow gamers to cryptocurrency, using a model they are already familiar with.
Many games use a virtual currency model already, but there is one game that is widely known that takes it a step further. That game is World of Warcraft.
See, in addition to it’s Gold economy, it also has what’s called a WoW Token. This token can be purchased with Fiat, then used on it’s own, or traded on an in-game exchange for Gold. How does this translate over to crypto? Well, you can view the token to gold exchange as a WoW Gold to Fiat/Stablecoin pairing. The token has a set price, but it’s Gold value fluctuates according to supply and demand, just like a cryptocurrency.
This is just one example of an easy way to introduce the idea and workings of a cryptocurrency to people new to this nascent market. Feel free to share other such examples below!