Why This Virtual Knife is Worth $1,000,000

From League’s new $430 dollar skin to the $1.5 million dollar CS:GO knife, the world of virtual items is insane. Why would anyone spend so much money on a few pixels? Well I have six reasons for why people buy virtual items, and I found the six examples for each.

🟥 100% of Patreon is gifted to up-and-coming indie studios

🎮 Check out my game, Fallen Worlds

🔵 Jwduth's Discord (Dante's 9)

🔵 Join the Going Indie Discord

🐦 Follow me on Twitter

📃 Research Links
Kids getting bullied over Fortnite
CS knife
$430 Ahri skin
Runescape blue party hat
Zeuzo account
Blizzard account banned
Venezuelans and Runescape gold
Rothko painting
Vader mask
Economics of video games
Maslow's hierarchy
Amsterdam sold for $50K
Virtual planet sells for $6M
Southpark scene
Bee's knees clip

[GoingIndie]

Would you spend $1, 000, 000 on a video game?

🔵 Join the Going Indie Discord to vote for the next indie highlight

[walli]

6:10 The Mona Lisa is so famous because it was stolen in the early 20th century.

[Jwduth]

Thanks for featuring my game! Can’t wait to see where it goes in the future.

[matrixfull]

Meh that's completely unrelatable. I know many many people are like that but to me it's just completely unimaginable how can someone spend so much money for virtual items. There is litereally nothing in virtual world that I would be willing to pay that much money for. 40 dollars for a game ( when price drops; coz I don't buy at launch) is all i am willing to spend on single game. no microtransactions and battle passes. if you can't make me enjoy your game by spending 40 dollars at max ..well you failed me as a developer and i'm not interested in your game whatsoever. there are millions of games, why waste money and time for one that's over blown with cash grabbing.

[willg]

Rolex craftsmanship is definitely world-renowned and top-tier. Yes, it does tell time better sir...

[Sus_Bak]

People who play Single Player Games: *GET OUT!!!* 🗣️🔥

[awdk]

You look like a bike cop who says "sir imma need you to step out of the" for going 1mph over the limit 😂

[Savantastic]

Guys let's get political and talk about "VALUE"

[Hollowdude]

Virtual game stuff in video games is going to be a bigger and popular in the future and great video Going Indie :]

[lishhhhmm]

There is no way you mentioned this CSGO knife and not put it on the Rarity category. It is basically a very low chance pattern on an already low chance drop, which results in it being completely blue instead of a mix with gold/brown. I'm pretty sure the 90% reason it has this stupidly high value is its rarity.

Edit: and some other factors that narrow even thinner the chance of someone getting this specific pattern, which again results in only more rarity.

[DarkBloodbane]

Sometimes the value is just imagination of some people and this causes some devs and companies to fall in this value trap and lose money and time.

[WyattW.W]

You know its a good day when Going Indie uploads

[falaghsepehr]

The more I watch your videos the more I love your work. Your narration and progression throughout the videos just locks me in. I just want more of these! Keep creating...

[jeff]

Can you do a video on tanks the crusades

[yaameeteeee]

when it comes to microtransactions, the closest i have been in the past 14-16 years is a free to play Genshin account, its pretty decent. not mentioning a 70% off project Jhin skin for like 2 bucks that i used for hundreds of hours in a game i dont play anymore...value is in the eye of the beholder after all

[justanotherdave.]

So glad I don’t play online games or have any friends. It sounds ridiculous.

[ronty]

Believe me when I say it... you are not missing out on anything.

[hanauzaki]

Bought the battle pass once And the grind immediately threw me off and now I dont buy or spend any money on micro transactions as well as games at launch except a few exceptions such as Fromsoft and

[Astardan]

Grind and chores in game instantly drive me away

[saschaberger]

Can't respect people who invest into these money laundry schemes