Virtual Property Sells for $100,000

Posted on November 16, 2005

CNN reports a space resort in the game Project Entropia has sold for $100,000. The buyer plans to turn the space resort into a theme park with monsters that other players can hunt.

Jon Jacobs, a director of independent films, plans to call the space resort, in the science-fiction themed game Project Entropia, "Club Neverdie." Like other land areas in the game that has been visited by 300,000 players, the resort grounds will spawn dinosaur-like monsters, which visitors can kill.

Jacobs will take a cut of the virtual resources that the carcasses yield, like hides.

Jacobs, 39, plans to hire famous disc jockeys to entertain visitors once a week or so at the resort but still reckons on netting $20,000 a month from the hunting tax and other income.

Jacobs is quote as saying, "I want to operate this thing at the level of a major nightclub in a major city."

The Project Entopia website has more about virtual property ownership here. The Second Life online game has also seen its share of online property trades. The more players these online worlds get the more valuable the property inside it will become.

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