Advances in Economics, Management and Political Sciences

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Proceedings of the 2nd International Conference on Financial Technology and Business Analysis

Series Vol. 49 , 01 December 2023


Open Access | Article

Research on Financial Attributes and Risks of Virtual Goods

Haomin Han * 1
1 International Curriculum Center, The High School Affiliated to Renmin University of China, Beijing, China

* Author to whom correspondence should be addressed.

Advances in Economics, Management and Political Sciences, Vol. 49, 84-87
Published 01 December 2023. © 2023 The Author(s). Published by EWA Publishing
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Citation Haomin Han. Research on Financial Attributes and Risks of Virtual Goods. AEMPS (2023) Vol. 49: 84-87. DOI: 10.54254/2754-1169/49/20230488.

Abstract

Virtual items are very popular nowadays, this article will study the skin of Counter Strike-Global Offensive (CS:GO) with an unbiased perspective and official data. A lot of the data comes from the numbers Valve cooperation (VALVE) publishes. In addition, the soaring price of the CS:GO skin market in recent years has already diffraction some of the conclusions, and this article will prove the conjecture about the infinite financial value of virtual goods is correct. Furthermore, CS:GO skin is not subject to the constraints and regulations of the market rules, and the attributes of other virtual items are consistent, and in many ways can be found similarities. Through the official data, the research results are obtained: CS:GO skin profit space is large, but there are unpredictable risks. The article will reflect the financial properties of the entire virtual goods market through the CS:GO skin. This article does not give any advice on financial transactions and accepts no responsibility for any losses.

Keywords

risk, virtual goods, financial

References

1. Clement, A. (2022). Cheapest Bayonet Knife skins in CSGO. TGG; TheGlobalGaming.

2. Xiao Chun. (2023). Csgoob.com. Retrieved July 20, 2023, from https://www.csgoob.com/?platform=0&timeRange=HALF_MONTH, last accessed 2023/7/24.

3. Villanueva, J. (2018). Valve adds a seven-day cooldown to traded CS:GO items on Steam. Dot Esports.

4. Xiao Chun. (2023). CS:OB. Csgoob.com. URL: https://www.csgoob.com/goods?name=M4A1%20%E6%B6%88%E9%9F%B3%E5%9E%8B%20|%20%E5%8D%B0%E8%8A%B1%E9%9B%86%20(%E5%B4%AD%E6%96%B0%E5%87%BA%E5%8E%82), last accessed 2023/7/24.

5. Yamamoto, K. I., & McArthur, V. (2015, October). Digital economies and trading in counter strike global offensive: How virtual items are valued to real world currencies in an online barter-free market. In 2015 IEEE Games Entertainment Media Conference (GEM) (pp. 1-6). IEEE.

6. Esports News, URL: https://www.esports.net/news/csgo/csgo-case-odds/, last accessed 2023/7.24.

7. Martinho, A. F. D. S. (2021). Esports spectator motivation: A case study on CS: GO (Doctoral dissertation).

8. Antepenko, C. L., Rickey, S. R., Hibbets, A. L., & Rusk, J. D. (2022). Microtransactions and Gambling in the VideoGame Industry.

9. Steam support, URL: https://help.steampowered.com/en/faqs/view/4F31-54C2-B394-AF9A, last accessed 2023/7/24.

10. GamesRecon: Video Games News, Guides & Reviews, URL: https://www.gamesrecon.com/why-trading-csgo-skins-is-gaining-popularity, last accessed 2023/7/24.

Data Availability

The datasets used and/or analyzed during the current study will be available from the authors upon reasonable request.

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Volume Title
Proceedings of the 2nd International Conference on Financial Technology and Business Analysis
ISBN (Print)
978-1-83558-145-2
ISBN (Online)
978-1-83558-146-9
Published Date
01 December 2023
Series
Advances in Economics, Management and Political Sciences
ISSN (Print)
2754-1169
ISSN (Online)
2754-1177
DOI
10.54254/2754-1169/49/20230488
Copyright
© 2023 The Author(s)
Open Access
This article is an open access article distributed under the terms and conditions of the Creative Commons Attribution (CC BY) license, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited

Copyright © 2023 EWA Publishing. Unless Otherwise Stated