Virtual real estate?
Oct 26th, 2005 | Comments (0)
I'm always amazed at what people will buy on auction sites. The last few years have seen a large community of gamers selling in-game items on eBay for a lot more money than most people would think possible. But today is the first time I've ever seen anyone buy virtual real estate. Some guy just bought an entire in-game space station in Project Entropia for $100,000. Yes, that's real money.
Why would any sane person pay a hundred grand for a virtual space station? The answer lies in the game's economy:
So this guy basically bought a mall that can make real money. Will it be worth it? It'll be interesting to see.
With the price tag also comes mall shopping booth and market stall owner deeds, a land management system, a billboard marketing system, and space station naming rights.
Why would any sane person pay a hundred grand for a virtual space station? The answer lies in the game's economy:
Entropia has 236,000 registered accounts. In the game...players exchange real currency into PED (Project Entropia Dollars) and back again into real money.
So this guy basically bought a mall that can make real money. Will it be worth it? It'll be interesting to see.
