Friday, June 23, 2017

The New E-Sport Stocks

An Intern at Brown Brother Harriman name Jasper Lau has been the mastermind behind a new power move that the firm has taken in the past couple of weeks. While Jasper was interning at Brown Brother Harriman, during his summer break from the Northeastern University in Boston, he proposed the idea of creating stocks out of commodities in online games. These stocks however, does not fluctuated in price but will be valued through the rise in demand of the users and consumers. 

One of the games that uses this stock tactics is a game called Counter Strike: Global Offensive. Counter Strike is an online first-person shooting game. In this game players will receive an item called crates that are given to them when they compete in seasonal and rank matches. Contained in these crates, are items that the users can use in game such as weapon customizations or new skins. To open these crates you need an item called keys. What Mr. Lau did was took money that he received from his father company to purchase a generous amount of keys, and made it available to be purchased. Users on his own website platform, which was owned by Brown Brother Harriman, could view these availabilities and make purchases accordingly- this is considered to be a ground-breaking move in the gaming industry. This tactic allowed Mr. Lau to created a whole new trading system, which was able to fund Mr. Lau's new E-sports company and expanded his business into other games such as World of Warcraft, Call of Duty, and Dota 2.

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