I heard it was funding dlc not live events. I don't think people would be happy to hear that iron banner can happen more now because of micro transactions. How does that even cost money to run? It's just crucible
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Nobody knows what the content fully consists of but I'm thinking there new events, large quest lines, story missions and public events. From what I understand instead of big expansions that are far apart it's a steady stream of content through out the year so that there isn't dry spells between content like it was between TDB and HOW.