Original message (2592 Views )
| Lupin 2811th Post
 
Platinum Carpet V.I.P- Board Master
    
    
    
    
     
|  "Some guy buys land in some game for $26500" , posted Mon 3 Jan 19:23:
The game is Project Entropia. You can exchange real money for Project Entropia money, and back again. The man bought the land in an online auction. He has mining and taxation rights and stuff to his land, and he can resell it.
"$26,500 US the largest amount ever spent in the massive multiplayer online gaming space."
web site: https://www.project-entropia.com/Content.ajp?id=1346
press release: https://www.project-entropia.com/StdContent.ajp?Id=1556
Source: http://news.bbc.co.uk/2/hi/technology/4104731.stm
"
Gamer buys $26,500 virtual land
The virtual island sold in Project Entropia
Would you pay money for this virtual vista?
A 22-year-old gamer has spent $26,500 (£13,700) on an island that exists only in a computer role-playing game (RPG).
The Australian gamer, known only by his gaming moniker Deathifier, bought the island in an online auction.
The land exists within the game Project Entropia, an RPG which allows thousands of players to interact with each other.
Entropia allows gamers to buy and sell virtual items using real cash, while fans of other titles often use auction site eBay to sell their virtual wares.
Earlier this year economists calculated that these massively multi-player online role-playing games (MMORPGs) have a gross economic impact equivalent to the GDP of the African nation of Namibia.
Investment prospects
"This is a historic moment in gaming history, and this sale only goes to prove that massive multi-player online gaming has reached a new plateau," said Marco Behrmann, director of community relations at Mindark, the game's developer.
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.
Ten PEDs are the equivalent to one US dollar and typical items sold include iron ingots ($5) and shogun armour ($1.70)
Gamers can theoretically earn money by accumulating PEDs through the acquisition of goods, buildings, and land in the Entropia universe.
MMORPGs have become enormously popular in the last 10 years with hundreds of thousands of gamers living out alternate lives in fantasy worlds.
Almost 200,000 people are registered players on Project Entropia.
"
[this message was edited by Lupin on Mon 3 Jan 19:30] |
| Replies: |
| Oroch 771th Post
Red Carpet Regular Member+
| "Re(1):Some guy buys land in some game for $26" , posted Mon 3 Jan 23:46
quote:
The game is Project Entropia. You can exchange real money for Project Entropia money, and back again. The man bought the land in an online auction. He has mining and taxation rights and stuff to his land, and he can resell it.
"$26,500 US the largest amount ever spent in the massive multiplayer online gaming space."
web site: https://www.project-entropia.com/Content.ajp?id=1346
press release: https://www.project-entropia.com/StdContent.ajp?Id=1556
Source: http://news.bbc.co.uk/2/hi/technology/4104731.stm
"
Gamer buys $26,500 virtual land
The virtual island sold in Project Entropia
Would you pay money for this virtual vista?
A 22-year-old gamer has spent $26,500 (£13,700) on an island that exists only in a computer role-playing game (RPG).
The Australian gamer, known only by his gaming moniker Deathifier, bought the island in an online auction.
The land exists within the game Project Entropia, an RPG which allows thousands of players to interact with each other.
Entropia allows gamers to buy and sell virtual items using real cash, while fans of other titles often use auction site eBay to sell their virtual wares.
Earlier this year economists calculated that these massively multi-player online role-playing games (MMORPGs) have a gross economic impact equivalent to the GDP of the African nation of Namibia.
Investment prospects
"This is a historic moment in gaming history, and this sale only goes to prove that massive multi-player online gaming has reached a new plateau," said Marco Behrmann, director of community relations at Mindark, the game's developer.
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.
Ten PEDs are the equivalent to one US dollar and typical items sold include iron ingots ($5) and shogun armour ($1.70)
Gamers can theoretically earn money by accumulating PEDs through the acquisition of goods, buildings, and land in the Entropia universe.
MMORPGs have become enormously popular in the last 10 years with hundreds of thousands of gamers living out alternate lives in fantasy worlds.
Almost 200,000 people are registered players on Project Entropia.
"
???
i bought the red fort from the team fortress map 2forts4 back in 1997 for $50 on ebay
big deal
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| Sensenic 1271th Post
Red Carpet Executive Member
| "Re(4):Some guy buys land in some game for $26" , posted Tue 4 Jan 08:01
quote:
(unless it's purely speculative and he knows that the land is actually worth twice as much and he'll start building expensive virtual hotels for other suckers to spend their REAL cash in 'em! (then he's a clever sonofabitch!)
If there is one person that stupid, there are bound to be others, so maybe he WILL.. well, at least get some of his cash back thanks to other suckers. God, this is sad.
Completely agree. I mean, the really terrible point is not some rich (at my age...  ) person wasting his money on something stupid, but the fact that there IS a real business there, like the people that also sell land... in the moon or mars (or something similar, can't exactly recall), like those stupid luxury hotels for dogs, like that monkey whose paintings cost a fortune... Dammit, I don't know how to go on, but this is really horrible. Ack.
Nikochan dono.
Nihon mo ingenmame wo tsukurimasu Jan
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| HAYATO
189th Post
Regular Customer
| "Re(5):Some guy buys land in some game for $26" , posted Tue 4 Jan 08:18
quote:
(unless it's purely speculative and he knows that the land is actually worth twice as much and he'll start building expensive virtual hotels for other suckers to spend their REAL cash in 'em! (then he's a clever sonofabitch!)
If there is one person that stupid, there are bound to be others, so maybe he WILL.. well, at least get some of his cash back thanks to other suckers. God, this is sad.
Completely agree. I mean, the really terrible point is not some rich (at my age... ) person wasting his money on something stupid, but the fact that there IS a real business there, like the people that also sell land... in the moon or mars (or something similar, can't exactly recall), like those stupid luxury hotels for dogs, like that monkey whose paintings cost a fortune... Dammit, I don't know how to go on, but this is really horrible. Ack.
Yeah, there are too much stupid rich bastards out there. The purge will begin soon...
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