On August 23rd, Philip Rosedale announced High Fidelity users can now convert High Fidelity Coin (HFC) into U.S. dollars.
This is a major step for the blockchain based crypto-currency used by the platform, and for High Fidelity users. In the latter regard, Rosedale notes:
This opens the possibility for people to earn real money creating and selling virtual goods and services within High Fidelity. We see this as a vital step in the emergence of a thriving High Fidelity economy: the flywheel of innovation and creativity in any marketplace starts when creators have positive incentives to contribute to the growing body of content for sale. In time, we hope creators will be able to support themselves by selling items in the Marketplace, charging for the experiences they create, and offering useful in-world services to other creators and performers.
– Philip Rosedale, High Fidelity CEO
The move is one of three…
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