Virtually Reality and the $635,000 Real Estate Sale
Talk about real estate booms, here’s one for you. An entrepreneur in the Entropia Universe on-line MMO just cashed out his in-game, virtual space club for a cool $635,000 — in real money.
Jon Jacobs originally bought the club for $100,000 in real money, a purchase which made headlines and earned strong reactions at the time. Lest one think that reaction amount to “stupid”, the club was reportedly earning $150,000 a year in profit from a bunch of in-game sales. (It was a casino, after all.)
As the casino consisted of a complex of biodomes, clubs and naming right,Jacobs sold the place off bit-by-bit, something that helped him earn such a high figure.