Virtual Property Investor Recoups Investment

afaik_ianal writes "Remember that guy who bought a virtual island in "Project Entropia" for £13,700? Well BBC is reporting that that he has managed to make his money back in under a year. According to the article, 'He made money by selling land to build virtual homes as well as taxing other gamers to hunt or mine on the island.'"

Comments

All your virtual items are belong to us!

[Anonymous Coward]

From the "Project Entropia Conditions of Use":

As part of your interactions with the System, you may acquire, create, design, or modify Virtual items, but you agree that you will not gain any ownership interest whatsoever in any Virtual item, and you hereby assign to MindArk all of your rights, title and interest in any such Virtual item.

From the sound of it, the user doesn't own anything... I wish I could sell nothing for $100,000.

Interview with the investor

[vmardian]

http://playmoney.blogs.com/blog/2005/11/informatio n_and.html