Gamer buys $26,500 Virtual Island!
12-17-2004, 01:26 PM
#1
Community Architect
robb m.
robb m.
Thread Starter
Gamer buys $26,500 Virtual Island!
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.
ISLAND PACKAGE
Entropia view
A unique castle (furniture not included)
Hunting
Mining rights
Taxation rights on hunting and mining activities
Income from the sale of land lots
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.
http://news.bbc.co.uk/1/hi/technology/4104731.stm
https://www.project-entropia.com/Content.ajp?id=1346
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.
ISLAND PACKAGE
Entropia view
A unique castle (furniture not included)
Hunting
Mining rights
Taxation rights on hunting and mining activities
Income from the sale of land lots
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.
http://news.bbc.co.uk/1/hi/technology/4104731.stm
https://www.project-entropia.com/Content.ajp?id=1346
12-17-2004, 01:32 PM
#5
Senior Moderator
Trending Topics
12-17-2004, 01:46 PM
#12
12-17-2004, 01:47 PM
#13
Community Architect
robb m.
robb m.
Thread Starter
People have gotten extremely rich from the buying and selling of virtual property. This guy obviously has a plan to invest - develop and turn around to generate revenue. Its a whole new market where you can almost dictate the type of revenue you generate.
www.ige.com started as a group of players buying and trading game property for $$. They are now huge in the MMORPG world.
I think this guy is a Virtual Donald Trump.
www.ige.com started as a group of players buying and trading game property for $$. They are now huge in the MMORPG world.
I think this guy is a Virtual Donald Trump.
12-17-2004, 01:59 PM
#15
Senior Moderator
i have a friend that is pretty heavily into 2nd life. crazy shit.
12-17-2004, 02:31 PM
#20
Yeehaw
Originally Posted by CGTSX2004
Some people need a reality check. Why waste their time in a virtual world interacting with other virtual people instead of just going out and meeting real people?what do you think we are doing on A-CL?
same shit, they just have a better interface.
12-17-2004, 03:46 PM
#23
My Work is Done Here
Join Date: Jun 2004
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I have an entire city for sale.
It was an 8th grade art project, but still..... it's a city!!!! who wouldn't love to own it?!?!
I'm willing to let it go for 40,000 PED's
It was an 8th grade art project, but still..... it's a city!!!! who wouldn't love to own it?!?!
I'm willing to let it go for 40,000 PED's
different strokes for differnt folks.
12-17-2004, 05:53 PM
#25
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Join Date: May 2003
Location: Better Neighborhood, Arizona
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FOR SALE:
One (1) Imperial-class Star Destroyer
Comes complete with 60 turbolaser batteries and a bonus cloaking device.
Yours for only $50 USD
Any takers?
One (1) Imperial-class Star Destroyer
Comes complete with 60 turbolaser batteries and a bonus cloaking device.
Yours for only $50 USD
Any takers?
12-17-2004, 07:51 PM
#27
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Originally Posted by CGTSX2004
Some people need a reality check. Why waste their time in a virtual world interacting with other virtual people instead of just going out and meeting real people?
12-17-2004, 08:40 PM
#29
The Third Ball
Join Date: Sep 2002
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Originally Posted by nicholbr
because some people aren't as cool as duamil the level 58 halfling ranger hailing from agdar?
12-18-2004, 10:21 PM
#37
Those of you mocking this idea and the guy who bought the island -- I don't think you grasp the concept quite well.
As far as online interaction is concerned, we do the same thing as the Project Entropia guys. The difference is that we type and post pictures, sometimes videos. PE guys do it on a way more advanced level.
As far as paying for the island is concerned, it's a brilliant investment. He will be able to sell off lots, tax others for various rights for usage of his land, etc. If he's dropping down that much cash, I'm quite certain that he has some sort of real estate/financial knowledge.
I don't know why you guys are making fun of him.
As far as online interaction is concerned, we do the same thing as the Project Entropia guys. The difference is that we type and post pictures, sometimes videos. PE guys do it on a way more advanced level.
As far as paying for the island is concerned, it's a brilliant investment. He will be able to sell off lots, tax others for various rights for usage of his land, etc. If he's dropping down that much cash, I'm quite certain that he has some sort of real estate/financial knowledge.
I don't know why you guys are making fun of him.
12-20-2004, 10:26 PM
#40
Community Architect
robb m.
robb m.
Thread Starter
Originally Posted by LLWesMan
Get a life. Why doesn't this 'genius' make a REAL investment, in the REAL world.
this sounds like close minded stupidity.
the island is a real investment, that I am sure he will make money on in the short term, nevermind the long run.