RNG - random number generator, a mechanic used to give you a chance at winning something rather than getting that thing. So instead of spending $5 to buy a virtual item, you’d spend $100 buying loot boxes that have a chance of giving you that item. And when you pair that with “sets” where you need several items for a set for example, you end up extracting thousands of dollars from kids and their parents (mostly their parents)
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Doing it to children is particularly sinister though. Pisses me off.
But... Parents should parent. I don't have kids. Can't say for sure, but I like to think I wouldn't allow it given how hard lined I can be on this stuff. It's a wild world.