Virtual Economy, Real Money

While it seems counterintuitive, the hottest trend in the video game industry is giving away games for free, then offering a deeper-level of interaction — for a fee.

Whether it’s new titles, like “Smurfs’ Village” on iPhone or old standards like “EverQuest,” publishers are in a race to offer free-to-play games — sometimes known as “freemium” games — and in many cases, it’s making them a fortune.

Read more at CNBC.com

FTC plans to review in-app purchases

It’s not often that the Smurfs can trigger an investigation by the Federal Trade Commission.

Amid stories of parents being shocked to see their children inadvertently racking up huge bills while innocently playing apps like Smurfs’ Village (a Farmville-like game centering on the little blue folk), the FTC reportedly plans to review the marketing and delivery of apps that include in-app purchases.

Read more at Yahoo! Games