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Analysts expected oil to surge above $200 but China has quietly kept prices half of that—and can’t for much longer

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Pentagon accuses Alibaba, Baidu and BYD, three of China's biggest companies, of supporting the Chinese military

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Marc Lore’s robots make 500 burrito bowls an hour. A human can make 45
TechMicrosoft

How Gamers Made Over $1 Million on Minecraft

By
Jonathan Vanian
Jonathan Vanian
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By
Jonathan Vanian
Jonathan Vanian
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September 5, 2017, 5:09 PM ET

People are playing Minecraft to make money, not just to create blocky looking buildings in a fantasy world.

Mojang, the developer behind the popular game, said Tuesday that Minecraft creators have earned over $1 million selling custom character designs, maps, interactive stories, and other accessories in the game’s online marketplace.

The fact that Minecraft Marketplace was only launched in June after being announced in April underscores the game’s popularity and potential as a business to third parties. Creators who post items for sale in the game’s marketplace earn a cut on all sales.

Microsoft (MSFT), which bought Mojang in 2014 for $2.5 billion, pitches the marketplace as a safer way to buy and download third-party add-ons to the core Minecraft game as opposed to buying them from other websites. In order to sell goods through the game, users must first apply online and be approved.

Prepare your best WHOOP! Prepared? Good! Coz we’re happy to say Minecraft Marketplace creators have now earned over 1 MILLION BUCKS. WHOOP! pic.twitter.com/bhmfcul0j1

— Minecraft (@Minecraft) September 5, 2017

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Minecraft Marketplace is available through Apple (AAPL) and Android-based mobile devices, Windows 10- powered personal computers and phones, Amazon (AMZN) Kindle Fire and Kindle Fire TV, and the Samsung Gear VR headset, according to a Microsoft support page. It is not compatible with Microsoft’s Xbox One, Xbox 360, PlayStation, and Nintendo Switch, but a spokesperson told Fortune in an email that the marketplace “will be available in Minecraft on Xbox One and Nintendo Switch with the launch of the Better Together Update later this year.”

Correction: Minecraft Marketplace debuted in June after being announced in April.

About the Author
By Jonathan Vanian
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Jonathan Vanian is a former Fortune reporter. He covered business technology, cybersecurity, artificial intelligence, data privacy, and other topics.

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