The weekly newsletter for Fed2 by ibgames

EARTHDATE: November 21, 2010

Official News page 6


REAL LIFE NEWS: VIRTUAL PROPERTY NETS GAMER HALF A MILLION

by Hazed

The sale of virtual property has just gone up a notch, with a gamer selling a chunk of land in an online game for a cool $635,000 - roughly $500,000 more than he paid for it.

The seller is Jon Jacobs, and in the online world Entropia he goes by the name Neverdie. He purchased an asteroid in 2005 and over time converted it into the extravagant resort 'Club Neverdie'. Now he's just sold it, for real life, genuine, green folding money. His gain of over half a mission dollars in just five years is pretty impressive!

Entropia's currency is called Project Entropa Dollars (PEDs) - a bit cumbersome, isn't it? Groats has a much better ring to it. The PEDs work like casino chips: players trade real cash for in-game funds and can redeem them back into real world money, minus a transaction fee.

The asteroid made money for its owner from the outset, and he earned back the hundred grand investment in less than a year. He sold rights to hunt and mine on the asteroid, and sold off bits of real estate - just like a real landlord would, but with less red tape to deal with.

The sale of the asteroid is the most expensive piece of virtual estate to change hands.

Now, Pugwash wants to know if anyone wants to by Rigel off her...

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