What are virtual goods? And more importantly why would someone buy them?

Question

What are virtual goods? And more importantly why would someone buy them?

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Answer 1

not sure if already answered to satisfaction, so here is an other example:

a plate mail in the online game world of warcraft is a virtual good. it does not exist as physical object, it is just code that displays the image of a plate mail in-game. there is a rather profitable gray market for game assets, as often certain in-game items have to be obtained through in-game mechanics, but players may choose to exchange real money for such a virtual good instead of obtaining it through the games mechanics.