World of Warcraft gold tops the Venezuelan bolivar, Nexon breaks onto Nikkei 300 index
By now most of the world is aware of the massive political and economic crisis that’s happening in Venezuela, with rampant inflation destroying the value of the bolivar and the population experiencing massive shortages of food and medicine. It has gotten so bad, in fact, that the gold you’ve been accumulating in World of Warcraft is now worth more than the currency in that country.
According to Slashdot, “On the Venezuela’s black market — now the most-used method of currency exchange within Venezuela according to NPR — you can get $1 for 8,493.97 bolivars. Meanwhile, a WoW token, which can be bought for $20 from the in-game auction house, is worth 8,385 gold per dollar […] WoW gold is now worth even more than the bolivar.”
In other industry news, Nexon is celebrating its debut onto Japan’s Nikkei 300 Index this past week. The Index tracks the 300 largest companies on the Tokyo stock exchange, and Nexon has been doing especially well of late, raking in $677.5 million in Q1 2017. Around 70% of Nexon’s revenue has come from outside of Korea.