Tag archive: Entropia

Back in 2005, many virtual eyebrows were raised when Jon Jacobs spent $100,000 in real money to buy a space resort in the Entropia Universe virtual world. Now, it's Jacobs laughing all the way to the bank: five years later, he's sold the virtual property—now called Club Neverdie—in a series of transactions totaling up to $635,000, setting a new record for the sale of virtual goods. The largest single transaction in the sale was to… Read More

Iconic pop star Michael Jackson is getting his own virtual world: development company See Virtual Worlds has announced it plans to launch Planet Michael in late 2011, a new MMO virtual world that will focus on entertainment and themes from Michael Jackson's life and music, as well as provide ways for Michael Jackson fans around the world to support charitable causes. Like many other virtual worlds, Planet Michael will feature an in-world… Read More

If you want to see how the lines between the real and virtual worlds are becoming fainter, look no further than Sweden. There the game Entropia Universe has been granted a license to be a bank by the Swedish Financial Supervisory Authority, according to the BBC. According to game developers Mindark, the banking system in the game should be fully functional within 12 months, with 10 Project Entropia Dollars (PEDs) currently going for $1… Read More

Back in October 2005, Mindark's Project Entropia MMORPG attracted attention for selling a virtual in-game space station for $100,000 in real money to player/entrepreneur Jon Jacobs. Now they've got a new idea: real world cash cards which let players access money they've earned in the game's virtual universe. Project Entropia's in-game economy is linked to the real-world currency: a Project Entropia Dollar (PED)… Read More

On October 24, Jon Jacobs spent the equivalent of $100,000 in an auction for a virtual space resort in the online game Project Entropia, a massively multiplayer online role-playing game (MMORPG). The auction began October 21, 2005, with a starting price of one Project Entropia Dollar (PED)—the game's unit of currency—with a buyout price of 1,000,000 PED. Here's the trick: Mindark, the company which created and operates… Read More