More details on GTA Online

There will be microtransactions. Sports, races, and jobs available from day one, with heists, content creator and capture the flag coming later on.

Rockstar Games have revealed lots of new information about the online component of Grand Theft Auto V - GTA Online on their website.

From day one (October 1) GTA Online will include online multiplayer for up to 16 players partaking in Open-World Crime and Chaos, Jobs, Races, Sports (Golf, Tennis, Basejumping), Customization, Reputation and Cash Flow, and Growing Pains (it's a feature, not a bug).

As far as the cash situation goes this is how Rockstar describes the system:

"You can either quickly accumulate cash through profitable activities like knocking over armored cars, winning street races, doing stick-ups or a host of other cash-making endeavors - or if you're the completely instant gratification type, you can choose to buy denominations of GTA$. You will have the option to purchase GTA$ through the in-game Store. The game and its economy have been designed and balanced for the vast majority of players who will not buy extra cash. There is no in-game paywall and nothing that should disrupt the balance of the game. You don't have to spend real money to attain the cars, guns, clothes, flash and style of a high-roller in Los Santos, but can if you wish to get them a little quicker. The economy is balanced differently from the single player economy, and cash earned in one cannot be taken over to the other. Most players will earn cash much faster Online than in Story Mode."

Rockstar also detailed features that will be added to GTA Online in the future.

The Content Creator: The Content Creator will launch with tools to tailor and publish your own Deathmatches & Races.

The Beach Bum Pack: Featuring 4 new amazing beach fun vehicles, over 300 new items of incredible down tempo leisure wear and 2 new but not remotely relaxing weapons.

Capture the Flag: GTA Online's take on the classic CTF mode including the ability to make your own using The Content Creator.

Heists: This update will introduce full-on cooperative Heist missions that will require careful planning, teamwork and sharp execution - along with the Heist Planning Board for your apartment.

It's only a matter of days now before the fun kicks off online.