Nothing Virtual About 100 Grand

Posted by: Rob Hof on November 11, 2005

24.jpg
Some guy just spent $100,000 to buy a virtual space station in the online game Project Entropia. I know buying land and other stuff in virtual worlds like Second Life is common. What amazes me even more than the breathtaking price is that Jon Jacobs hopes to net $20,000 a month by converting the space station into a sort of Jurassic Park resort would pay him for the chance to kill virtual monsters. And that he thinks this will produce better returns than investing in the red-hot Miami real estate market.

TrackBack URL for this entry: http://blogs.businessweek.com/mt/mt-tb.cgi/

Reader Comments

getvendors

November 14, 2005 07:55 PM

Recently, I read article about the virtual property in Wharton's newsletter and did some research..We should read this story in the backdrop of a fact that spending more than 50 hrs in virtual space is not unheard (well, just add a few hours and that will be equal to what I spend in my house)
Also, we should compare this virtual property more with the Car rather than house..The way expensive and fast cars make you stand out on the road and pump up your ego in front of totally strangers..The same effect is there when you have special advantage in the virtual community..so if we dream about buying Ferrari then we should not be surprised by these folks who are paying big bucks for these virtual properties..

Post a comment

 

About

BusinessWeek writers Peter Burrows, Cliff Edwards, Olga Kharif, Aaron Ricadela, Douglas MacMillan, and Spencer Ante dig behind the headlines to analyze what’s really happening throughout the world of technology. One of the first mainstream media tech blogs, Tech Beat covers everything from tech bellwethers like Apple, Google, and Intel and emerging new leaders such as Facebook to new technologies, trends, and controversies.

Categories

 

BW Mall - Sponsored Links

Buy a link now!