Virtual economy

A virtual economy refers to the exchange of digital goods, services, and currencies within online environments such as video games, social media platforms, or virtual worlds. These economies involve virtual currencies that can be earned, bought, or sold, often facilitating the trading of items like skins, characters, or real estate. Virtual economies can impact real-world markets, creating opportunities for entrepreneurs and affecting user engagement. They operate under supply and demand principles, much like traditional economies, but exist entirely within digital spaces and are governed by platform rules and user interactions.