Price of WoW gold plummets in first day of “official” trading

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Just over a day after Blizzard introduced the first official method for converting dollars into World of Warcraft gold, the real-world price for the in-game currency has already plummeted 27 percent from the initial position set by Blizzard. For most of World of Warcraft ‘s history, the only way to buy in-game gold with real currency was to go through one of many gray market third-party services (which technically goes against Blizzard’s terms of service for the game). That was true until yesterday, when Blizzard introduced a $20 game time token that can be sold for gold at the in-game auction house on North American servers (European servers will get the feature at a later date). While the real world price of those tokens is fixed at $20, the gold price is “determined dynamically based on supply and demand,” as Blizzard puts it. To start the market off, Blizzard set the price of a $20 token at 30,000 gold. That gold price increased incrementally for a few hours before plummeting precipitously starting yesterday evening in the US. As of this writing, just over 24 hours after the markets opened, that initial price has fallen over 27 percent to 21,739 gold, according to an API-based tracking site . Read 5 remaining paragraphs | Comments

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Price of WoW gold plummets in first day of “official” trading

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