Consumerism
One that utilizes economic goods
What is a consumer?
Uses the acronym NFT.
What is Non-fungible token?
This individual stands accused of embezzling millions through FTX and Alameda Research.
Who is Sam Bankman-Fried?
The name of the currency used in Second Life
What is the Linden Dollar?
A business model where users can purchase virtual/digital goods with small payments.
What are microtransactions?
Now accounts for more losses than any other major crime in the United States.
What is Cybercrime?
A Fairer, more equitable internet, more machine learning and AI driven content, and decentralization of internet architecture are all features of this.
What is Web 3.0?
A type of fraud that involves paying existing investors in a nonexistent enterprise with funds collected from new investors
What is a Ponzi scheme?
This event in the game Eve Online, which resulted in the loss of more than $338,000, occurred on January of 2014.
What is the Battle of B-R5RB?
One of the first examples of Microtransactions which allowed players to spend real quarters in a virtual shop to purchase upgrades for their in-game character.
What is Double Dragon 3?
This era saw the development of economic dependencies between nations (Globalization).
What is the Global Era?
This was the first widely accepted "internet money"
What is e-Gold?
The CEO of Binance who backtracked out of a trade deal and caused FTT to lose 80% of it's value in one day.
Who is Changpeng Zhao?
This makes Loot Boxes and other similar randomized systems illegal in certain parts of the world.
What are Gambling Regulations?
This video game offered one of the first forms of DLC which took the form of cosmetic horse barding for $1.99.
What is Elder Scrolls IV: Oblivion?
This era saw the highest stock prices for Cryptocurrencies
What is the New or Current age of Consumerism?
This is provided as incentive for cryptomining rewards.
What is a cryptocurrency token?
The current CEO of FTX who previously handled Bankruptcy restructuring for the Enron scandal.
Who is John J. Ray III?
The use of this for transactions in early MMORPGs was a bannable offense. Often used to transfer virtual goods for "real money."
What is the Black Market?
This country infamously has a universal ban on any game featuring Loot Box mechanics.
What is Belgium?
The aftermath of World War II
What is seen as the general cause of the Consumer Era production boom?
This man first hypothesized virtual currencies in the early 1980s.
Who is David Chaum?
Assets defined by Matt Levine as "cryptocurrency tokens that were... just made up" that FTX claimed were worth $5 billion.
This group noticed a missed in-game maintenance payment on B-R5RB and invaded the system to begin a 21 hour battle in Eve Online.
What is the CFC/Rus alliance?
Video games designed to keep players connected and playing for a long time, often by offering season passes or "trickling" long-term content.
What are Games as a Service (GaaS) or Live-Service Games?