Castle and Island Sells For $26,500 in Entropia
But can a person earn 6 percent commission on the deal?
Not likely as this castle and island, with full mining, taxation, and resales rights only is available online. It is located in the virtual world of Entropia, a massively multiplayer online role playing game (MMORPGs) that has taken off with over 750,000 players around the world.
Reading about this transaction has made me think. Are people spending more for virtual property in real dollars than real property in Detriot and Buffalo? Will homes in these downtrodden cities start selling for virtual dollars in real life? Would there be an economic boost to put these properties for sale in obviously a vibrant market like Entropia?
The lines are definately blurring…
The virtual island includes a gigantic abandoned castle and beautiful beaches which are described as ripe for developing beachfront property.
Deathifier will make money from his investment as he is able to tax other gamers who come to his virtual land to hunt or mine for gold. He has also begun to sell plots to people who wish to build virtual homes.
“This type of investment will definitely become a trend in online gaming,” said Deathifier.
The Entopia economy lets gamers exchange real currency into PED (Project Entropia Dollars) and back again into real money. via BBC NEWS
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Comment by Mark Harrison on 1 August 2008:
> Are people spending more for virtual property in real
> dollars than real property in Detriot and Buffalo?
As I understand things, not any more.
Back in 2004, when this transaction happened, the MMORPG market was, to put it mildly, also in a bubble.
Comment by Gustavion on 1 August 2008:
“Back in 2004, when this transaction happened, the MMORPG market was, to put it mildly, also in a bubble.”
Haha, that’s great. I had no idea you could even buy and sell virtual property.
Back in 2004, when this transaction happened, the MMORPG market was, to put it mildly, also in a bubble.