The virtual world is the perfect crucible for launching unrestricted currency competition and that competition will enable further opportunities for transporting virtual world earnings to real world value.
As I outlined in Virtual Currencies and Roach Motels, in-world economies are the perfect crucible for launching unrestricted currency competition and that competition will enable further opportunities for transporting virtual world earnings to real world value.
Do your communities yield similar real-world value along the way (easier sales, faster product launches, etc)?
FORBES: Social Media Marketing According to 'It's a Wonderful Life'
And when, as will inevitably occur, player-generated IP acquires substantial real world monetary value, players should be able to access that value.
FORBES: Online Games And Crowdsourced Creativity: The Next Frontier In Intellectual Property
Entire virtual economies have emerged, assigning real-world monetary value to items or skills in games.
FORBES: Can Microsoft's Xbox Get Hollywood To Help Reinvent Gaming?
Accounting and finance can help because they give us analytical tools to make projections and to link what we expect to happen in the real world with the value added by our efforts.
FORBES: The Only Three Reasons Entrepreneurs Need Accounting and Finance
In real world terms, the value of the New York Yankees brand is on display with successful business ventures outside of baseball, such as the stadium management company Legends and IMG College, which offers sports-marketing services to universities.
FORBES: The Forbes Fab 40: The World's Most Valuable Sports Brands
We expect everyone at Facebook to focus every day on how to build real value for the world in everything they do.
It will have been shown to have value in a real world setting, thereby commanding favorable pricing and the confidence of patients, physicians and payers.
FORBES: McKinsey Decrees That the Pharma R&D Productivity Gains Are Real
Bank stocks sold in single digits, which is where we all believed they belonged, at net asset value adjusted for Third World loans and sour real estate paper.
What he does is that most evil of things: taking a political announcement at face value and then working out the implications in the real world of what has been said.
Nor does it correspond to the madness of the credit market bubble prior to 2007 when every fool in the world was buying mortgage backed securities without understanding the value of the real estate that backed them or the fantastically dangerous amount of leverage they were playing with.
The rise of such a currency should be a major boost to global economic growth and prosperity, empowering the world economy to trade in currency not subject to inflation, devaluations, and variation in real market value.
FORBES: Rethinking Money: The Rise Of Hayek's Private Competing Currencies
Creating value for co-workers necessitates open access to the outside world providing them with a real sense of what people need.
FORBES: CMO Lessons For The Boardroom Table From The Kitchen Table
应用推荐