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Glite Dictionary
💸 Ending money's use 🎮 Removing game currency 📵 No ad earnings
demonetization

demonetization

8.6
The removal of virtual money so people cannot use it in a game or app
  • noun
  • /ˌdiːˌmɒnɪtaɪˈzeɪʃən/
  • Texting
translation icon : desmonetización
  • The game's recent demonetization of gold coins forced players to buy items with real money.

Examples

  • Community outcry followed the platform's demonetization of the token, which wiped out user balances overnight.

  • After the update, the developer announced demonetization that removed the auction house currency from circulation.

  • The demonetization of the virtual currency shocked many users.

  • After the demonetization, players could no longer use their tokens.

  • The community was outraged after the game studio announced the demonetization of the premium currency, leaving players with worthless tokens.

  • Following the platform's demonetization of the in-game currency, users were forced to adapt their spending habits to real money purchases.

  • The sudden demonetization of the digital token led to significant backlash from users who had invested time and resources into acquiring it.

Antonyms

monetization
  • Specialized
1 7.6

Making gold or silver the official money of a country

Surface Forms

demonetization singular
demonetizations plural

Morphology

demonetization = demonetize (semi-transparent) = de + monet + ize + ation

The suffix '-ation' straightforwardly forms an action noun from the verb 'demonetize'.

Etymology

Demonetization comes from the parts de- 'remove' and monet 'money', the same root as the word money. On digital platforms it means stopping a virtual coin or token from being used as money there.