Reader, here's how a PC game taught us more than 12 years in school

In this thread, we will talk about these 8 lessons

1. Supply & demand

2. Original NFT's

3. Consistency

4. OG Online communities

5. Risk Management

6. Business Ethics

7. Competitive Pricing

8. Liquidity

I don't think there's a single day that passes by on Money Twitter where someone doesn't attribute a massive part of their success to this game

For those who don't know, it's a fantasy MMO game where you train skills to their max levels of 99, do quests, and flex

1. The ecosystem

There are skills you had to "master" by reaching level 99 Skills like attack, defense, strength, woodcutting, fishing

While you train the skill you were rewarded with drops that you can sell in the GRAND EXCHANGE (trading system)

The game created its own flourishing economy based on supply and demand

There were rare items that dropped every so often,

There were basic everyday items that you can use to eat or create other valuable items in the game

Everything was connected from beginning to end

From an early age, this generation of players understood how to stimulate demand for a product and follow trends to make as much cash as possible

2. The original NFT's

The rarest items had a very little supply An E.G is the "PHAT".

They came in 6 colors and dropped once in 2001

Each year the price increased to the millions in the local currency

It was the ultimate "Flex", everyone would know the player who owned it

We would sit back with our friends, talk about strategies to make more cash once we hit a specific level

You could also expedite the process by investing your cash into better material for you to level up quicker

4. The OG "Communities"

My best friends were made within the RS sphere. People from all across the world with like-minded ambitions would work together to make cash and reach mastery

We would join clans and be a push each other to reach our goals in the game

5. Risk management

If we wanted a guaranteed way to make some cash. We would manually level up our skills and sit for hours

It was slow but safe

If we wanted a risky way to make even more cash, we'd go to a "BOSS ROOM"

Risk our expensive gear for a better reward

6. Business ethics

I learned who to trust online through seeing different scams

"Trimming armour", "Luring"

Figured out early on that not everyone has the best intentions

People are selfish and are willing to drain you dry for their own gain

Be wary

7. Competitive pricing

Selling unique bundles/in-demand products directly to consumers

Instead of using the trading platform in the Grand exchange, we would create competitive pricing with a captivating copy to get the sale quick

8. Liquidity

It didn't matter if you have millions of potential GP (money) in the game worthy of a specific item

If there was no demand for it, it wouldn't sell

I made a bad trade once, I bought an item on a one on one transaction that was way less than market value

Realized quickly that not many people were buying it at that certain time

Which means I couldn't easily convert it into cash

But the value of the item stayed around the same price It took weeks to sell

A lot of accounts in the web 3 space, as well as respected thought leaders, talk about the impacts of gaming (mainly Runescape) and the new emerging markets

Accounts I look up to like @gregisenberg @naval @SahilBloom

This is a real life example of how Runescape impacted my life

The beauty about this journey, is it really taught me how to build a real community that people enjoy to be a part of

A community of like-minded people all reaching for the same vision

Fulfilment in life I used all these principles above to create our entrepreneurs community

There are 3100 members inside right now learning how to build and scale profitable online businesses

Check it out here 👇👇👇