CCP Games has announced the appointment of Stefán Þórarinsson, a former economist at the Central Bank of Iceland, as the new Head of Economy for their blockchain-based game, EVE Frontier. This move aims to solidify the legitimacy of virtual economies within the gaming landscape.

“Stefán Þórarinsson’s appointment advances our goal toward building a truly open financial system within a virtual world,” said Hilmar Veigar Pétursson, CEO of CCP Games. “Since our inception, we have strived to create worlds where players transcend the constraints of our own design.”

CCP continues to introduce substantial economic updates to EVE Frontier, focusing on various aspects such as monetary policy, market dynamics, and behavioral economics in virtual worlds. The studio is eager to involve players in designing the game’s economies, challenging traditional constructs.