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Virtual Island Sells For $26,500

Posted by Zonk on from the that-is-a-lot-of-gil-or-simoleans-or-therebucks-or-adena dept.

Aziphirael writes "The MMORPG Project Entropia has just announced that its first treasure island sale via Auction has gone for a grand total of US$26,500. Project Entropia's unique selling point is the ability to convert real money into ingame cash and vice versa. The owner is Zachurm "Deathifier" Emegen who intends to develop the island into a place for the community." From the article: "A large island off a newly discovered continent surrounded by deep creature infested waters. The island boasts beautiful beaches ripe for developing beachfront property, an old volcano with rumors of fierce creatures within, the outback is overrun with mutants, and an area with a high concentration of robotic miners guarded by heavily armed assault robots indicates interesting mining opportunities."

3 of 451 comments (clear)

  1. Not to nit-pick, but... by TrollBridge · · Score: 4, Informative

    ...you mean PT Barnum, and he never said that.

    --
    There's a Mercedes gap too. I want one and can't afford one, but it's not government's job to do anything about it.
  2. Re:Pandora's Box by Anonymous Coward · · Score: 3, Informative

    This is NOT a big deal.

    I've been in two other virtual worlds where the same thing is commonplace and actually encouraged.

    The world of Second Life (www.secondlife.com) lets you buy and sell land and goods for in-world Linden Dollars that you can turn around and sell at GamingOpenMarket (gamingopenmarket.com). The current L$-US$ conversion rate is about US$4 to L$1000.

    SecondLife even sells private islands to people, for upwards of US$1000 and US$200/month. Dozens of them. And they are profitable to nearly all the owners.

    I know several people in world who make a second earned income doing just this. Upwards of US$35-50k a year.

    Check out IGE.com, which buys and sells and trades currency of SecondLife, There, Everquest II, Lineage II, City Of Heroes, World Of Warcraft, etc.

    What was it? The original Everquest had like the 30th largest world economy?

    Its the virtual economy. Virtual business for those who are pioneers of the niche market that is growing and growing.

  3. SnowCrash by Dalroth · · Score: 2, Informative

    While I think this is a bit premature, some of you nay-sayers really need to read Snowcrash. A virtual economy is inevitable, and few stories I've read have captured the awesome potential as well as Snowcrash did.

    Bryan