Start-Up to Create Market For Trade of Virtual Goods - The Wall Street Journal

Start-Up to Create Market For Trade of Virtual Goods - The Wall Street Journal

Excerpt:
"A start-up plans to help game companies get a grip on the booming illicit market for virtual goods, including everything from currencies to magical swords that help players advance in online games.

Live Gamer Inc. is developing an online marketplace where players of Internet games will be able to safely trade in virtual goods, a business that is often plagued by fraud. In the biggest departure from current methods of trading in virtual goods, Live Gamer says it will only allow trading of items with the blessing of game publishers. Live Gamer is working with Sony Corp.'s Sony Online Entertainment division, Funcom GmbH, Ping0 Interactive Ltd. and other online-game operators to integrate its trading system with their titles."
http://online.wsj.com/article/SB119785521598432879.html