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Virtual Property Investor Recoups Investment

Posted by samzenpus on from the exciting-new-investment-opportunity dept.

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.'"

3 of 208 comments (clear)

  1. Developer's Giddy by cbrhea · · Score: 4, Interesting

    Now they can create another virtual island that's even sweeter and sell it for even more money.

    copy virtual_island1 virtual_island2
    print money

    Not a bad deal for the island-buyer either, as long as they've determined the risks, ie. the game's subscriber base withering away.

  2. Re:So this proves... by Lemmy+Caution · · Score: 3, Interesting

    William Gibson noted, "cyberspace is where the bank keeps your money." If one's wealth itself is essentially just bits and consensus, why not the real estate?

    Because you're only a floating point error away from being a billionaire.

  3. Re:Virtual Property -- Supply and Demand by joecode · · Score: 5, Interesting

    Not so. The domain name space is stricly limited. But there is an unlimited supply of virtual reality. Therefore: It's just a pyramid scheme in disguise.