Live Services
Live Services are the internet-based software platforms—typically cloud-based—that enable virtual worlds and online games with sophisticated economies and communities. This includes software for managing the inventory of virtual economies, social features, online events and tournaments, regular updates and other features that are necessary to the operation of games and other metaverse experiences.
Further Reading
The Virtual Economy, compare/contrast of closed centralized economies (Fortnite), open centralized (Minecraft) and open decentralized (Decentraland).