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Gaming Economies and Best Practices 

Mar 2, 2023

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Gaming economies have become an integral part of the gaming industry. In recent years, game developers have been implementing increasingly advanced economies in their games to enhance player engagement and monetization. Gaming economies are systems within games that simulate real-world economies, allowing players to earn, spend, and trade virtual currencies and items. The purpose of these economies is to provide a sense of progression and reward to players, encouraging them to continue playing the game. In this article, we will discuss some of the best practices for gaming economies.

How Developers can incentivize players  


To create a balanced gaming economy, developers must ensure players can earn and spend currency at a reasonable pace. The popular mobile game Clash of Clans is an excellent example of a game that has successfully created balance in its economy. Players can earn resources by completing various tasks, such as attacking other players' bases and using these resources to build and upgrade structures, train troops, and research new technologies.

Earning currencies and items 


Developers should offer a variety of ways for players to earn currency through different activities within the game. This not only keeps players engaged but also prevents the game from becoming repetitive. World of Warcraft is an MMORPG that allows players to earn currency by completing quests, participating in battles, and engaging in professions. Quests are a significant part of the game, and each offers different rewards, such as gold, experience points, and items. Quests can range from simple tasks like delivering a message to more complex challenges like defeating a powerful enemy.

Items and currencies within the game should have a sense of rarity and scarcity to maintain their value. Developers can achieve this by limiting the number of items that can be obtained or making them difficult to obtain. For example, rare items could be obtained through difficult challenges or rare drops. Magic: The Gathering lets players collect and build decks of cards, each with its unique abilities and strengths. The game's economy is largely based on the scarcity and rarity of these cards.

Social interactions 


Social interactions are an essential aspect of gaming economies. Players should be able to trade items and currency with each other, as well as engage in other social activities, such as forming guilds or clans. Final Fantasy XIV offers a variety of ways for players to engage with each other socially, such as forming and joining guilds known as Free Companies. These Free Companies provide players with a way to interact and collaborate with others toward a common goal, such as completing difficult quests or participating in raids.

In-game purchases


In-game purchases can be an important source of revenue for game developers. Developers should implement in-game purchases wisely to avoid making them too powerful or game-breaking, which can discourage players who do not make purchases. In-game purchases should provide a sense of convenience or customization without providing an unfair advantage. Clash Royale is an excellent example of a game that offers in-game purchases that do not give players an unfair advantage. The game provides various ways to earn gems for free, such as completing challenges and opening chests.

To maintain a balanced and engaging economy, developers should regularly monitor and adjust the economy. This could include adjusting the value of the currency, introducing new items, or tweaking the rewards system. EVE Online's economy is largely player-driven and consists of a complex network of trade, production, and consumption. CCP Games closely monitors the economy through various tools and metrics, such as the game's market data and player behavior patterns. They also regularly release updates and patches to keep the economy balanced and engaging for players.

Gaming economies can be a powerful tool for game developers to enhance player engagement and monetization. However, it is important to implement them wisely, with a focus on balance, variety, and social interactions. By following these best practices, game developers can create engaging and rewarding gaming economies that will keep players coming back for more.