Tag archive: Jan Welter

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