Thought you might wanna have a look at this ![]()
(sorry if it’s already been posted)
http://news.bbc.co.uk/1/hi/sci/tech/4421496.stm
Virtual property market booming
[size=2]A gamer who spent £13,700 on an island that only exists in a computer game has recouped his investment, he said. [/size] [size=2]The 23-year-old gamer known as Deathifier said he had made his money back in less than a year. [/size]
[size=2]The virtual Treasure Island he bought existed within the online role-playing game Project Entropia. [/size]
[size=2]Revenue is generated by selling plots so people can build virtual homes as well as taxing other gamers who come to the island to hunt or mine. [/size]
[size=2]Project Entropia offers gamers the chance to buy and sell virtual items using real cash, a trend which is gaining popularity as the boundaries between the virtual and real worlds continue to blur. [/size]
[size=2]Property boom
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[size=2]There are fortunes to be made in the burgeoning world of MMORPG (massive multi-layer online role playing gaming). [/size]
[size=2]“The money made to date is only a taste of what can be achieved with my virtual island purchase,” said Deathifier. [/size]
[size=2]“We’ve really only just begun with the estate sales and land management, there is still more room for growth and revenue with the untapped resources surrounding the land.” [/size]
[size=2]Just last month another of Entropia’s virtual properties - this time a Space Resort - sold for a jaw-dropping £57,000. [/size]
[size=2]Bridging gap [/size]
[size=2]While the real housing market may be somewhat static, the one in the virtual world is booming, said the Space Resort winner, gamer Jon Jacobs AKA Neverdie. [/size]
[size=2]“The virtual real estate market is on fire due to the amount of money potentially to be made, as gamers everywhere are realising that virtual worlds can compete with dirt and clay on an economic level,” he said. [/size]
[size=2]He plans to use the resort to establish a club where reality and virtual reality are tightly linked by offering entertainment firms the chance to sell music and video to gamers. [/size]
[size=2]The Entropia economy works by allowing gamers to exchange real currency for PED (Project Entropia Dollars) and back again into real money. [/size]
[size=2]Ten PEDs are the equivalent to one US dollar and gamers can earn cash by accumulating PEDs via the acquisition of goods, buildings and land. [/size]
[size=2]Project Entropia was launched in 2003 and now has 300,000 registered accounts. [/size]
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