See full list on diablowiki.net. The Real Money Auction House was put into Diablo 3 to solve the problem of third-party trading sites.Anyone who had played Diablo 2 online for enough time would inevitably have encountered bots. Real money auction. Developer Blizzard has revealed that its upcoming hack and slash video game Diablo III will have a system of official auction houses that will allow a player to buy in-game. That being said, real money action house was a bad idea. A regular action house would have been fine ( if gold was useful for something at the time, and pieces were still a pain to get) but the real money auction house made the game feel pay to win. Also, finishing on the highest difficulty without more challenge made it so the game felt over.

Diablo III Player Makes $10,000 From In-game Auction House ...
Diablo 3's RMAH Fraud Claims Gets The FBI Involved - CINEMABLEND
See Full List On Diablowiki.net
Diablo 3 Real Money Auction House Money Laundering Videos

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A Diablo III player claims to have earned more than $10,000 in real currency since the game was launched.

The player, known only by his pseudonym 'WishboneTheDog', answered extensive questions on the feat for the Reddit community, submitting screenshots of PayPal and Auction House transactions as evidence.

Diablo III Player Makes $10,000 From In-game Auction House ...

While WishboneTheDog wouldn't give precise item descriptions and information on sales and trading techniques, he insisted that the $10,000 total was earned without cheating of any kind, and almost entirely through trading on the game's Real Money and Gold Auction Houses - the only real money invested was the $60 needed to buy the game.

'The market will definitely speed up, and I suspect the top end items especially, when Blizzard releases PVP'

The majority of the person's buying and selling takes place on the game's Gold Auction House: 2,000 transactions, versus 500 transactions on the Real Money Auction House - 'The RMAH is merely a way to convert my gold to USD,' WishboneTheDog noted.

'I just maintain a balance between value of items and gold. I try to have enough gold/item value to purchase any under-priced item in the game. There are items worth 1.5bil+; I want to be able to purchase them for 600k if necessary.'

WishboneTheDog now trades exclusively in 'high end' items - nothing worth less than 50 million gold - with the most expensive single item being sold for 1.5 billion gold before Blizzard took its cut. He also observes that Diablo's gold in-game currency is 'more easily exchanged' for real money than '90 per cent of the countries in the world.'

While Diablo III's in-game economy has slowed since the weeks following its launch, WishboneTheDog expects it to pick up again when PvP is released.

'The market will definitely speed up, and I suspect the top end items especially, when [Blizzard] releases PVP,' he said. 'It is a reason to need those items again for everyone who has finished Inferno.'

WishboneTheDog's interest in virtual item trading started with Neopets. He now studies economics at a 'good university' and has a 'day job' in the stock market.

Gamer claims to have started his interest in virtual goods while trading Neopets. The person also claims that his (or her) day job is in the stock market.

'I hope to consult with game companies someday about balancing the economies of their games,' he added.

Developer Blizzard has revealed that its upcoming hack and slash video game Diablo III will have a system of official auction houses that will allow a player to buy in-game items using real world money.

Diablo 3's RMAH Fraud Claims Gets The FBI Involved - CINEMABLEND

Blizzard says that it will not be offering any times directly through it and that it will be up to the players to decide which objects they are interested in trading and what prices they will set for them.

Two separate systems will exist, one dealing exclusively with in-game gold and another using real-world money.

Rob Pardo, who is the executive producer working on Diablo III, has said that the developer's objective is to create an official in-game economy that is totally secure and allows players to better develop their characters and, ultimately, have more fun with the game.

Blizzard will make some money from the auction house because it will get a flat rate fee for each object listing and for each sale.

The company will also charge players when they aim to cash out payments that they have received.

Everyone will have a number of free listings for each week, designed to encourage initial action in the system.

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Blizzard says that each region and currency will have a separate auction house.

It seems that at the moment the developers are also thinking about allowing players to actually sell and buy complete characters, although a final decision will be made closer to launch date.

The money a player gets from objects sold in Diablo III can also be used in the official Blizzard Store and can even be used to extend a subscription to the World of Warcraft MMO.

Blizzard has also confirmed that players will need to be online and linked to Battl.net in order to play Diablo III.

Diablo 3 Real Money Auction House Money Laundering Videos

The game does not yet have an official launch date but a beta is planned.