Taking RMT out of the dark and dingy places of the world.
RMT has long been a topic of scorn, but there is a company out there that is looking to change that. Live Gamer is a company working with game developers to legitimize real money transactions and regulate them. The company's founder and lead man Andrew Schneider recently gave an interview introducing his company, and trying to make it seem like they're not your average Chinese gold farmer.
Mitch Davis (founder and former CEO of Massive Incorporated) and I founded the company after recognizing the need to create a legitimate and sanctioned marketplace for the buying and selling of virtual items for real money. We saw the market had grown - based on enormous consumer demand - to a reported $2B industry worldwide. Unfortunately, however all of that demand was being channeled towards black and grey market operators, outside of game publishers' control or consent. The result was a bad experience for both players and publishers. We founded Live Gamer to give players a way to transact securely and safely in a marketplace that is both sanctioned by game publishers and within their terms of service / end user license agreements.
So is it a good thing? Maybe. Is it controversial? Definitely. We'll have to see where it leads us to though, because the illegal variety of RMT is never going away.
For the full interview with Andrew Schneider, please check here.