Blizzard have announced that players will be able to buy items in Diablo 3 for real world money. The real world money system will be part of the auction house system where players can put up items they wish to sell and make a nice profit, but Blizzard will charge a transaction fee for these items sold. You think Blizzard wouldn’t want any of that money?

Now if buying and selling items for real money isn’t your thing then fear not. There will be another auction house which lets you buy items with the in game currency.
Blizzard also stated that they will not personally sell game play affecting items and also said they will not be putting items on the Auction House as they want to leave it to the players.
Finally what could be considered as a reassurance to players, Blizzard do not plan to use this idea in World of Warcraft due to the differences in the gameplay.

Before we end here are some screenshots of the real money and gold auction houses.

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Diablo 3 has no official release date, but it rumored to be entering beta soon.