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Guy pays $335,000 for in-game real estate

Posted on Saturday, November 20 2010 @ 14:00:26 CET by

Forbes reports a 35-year old software engineer paid a whopping $335,000 for "Club Neverdie", a virtual piece of real estate in Entropia that features seven bio domes, a stadium, club and mall.
Yan Panasjuk last week completed a transaction with Jon “Neverdie” Jacobs to buy a large portion of Jacobs’ popular Entropia destination “Club Neverdie,” including seven bio-domes, a stadium, club and mall. He paid the entire $335,000 out of his own pocket — it “took a lot of effort to secure the needed funds,” he says. His purchase price beats out the previous record-holding purchase of the Crystal Palace Space Station, also in Entropia, by Buzz “Erik” Lightyear for $330,000 in January.
Panasjuk sees it as an investment, the game has a real cash economy and Club Neverdie generated a revenue of $200,000 last year:
There’s also the money. Because Entropia has a real cash economy (players can exchange Project Entropia Dollars for real U.S. dolllars at a fixed 10:1 exchange rate), virtual entrepreneurs can start real moneymaking businesses in the game. Jacobs, for instance, was making $200,000 a year in revenue from sales of virtual goods and services before selling Club Neverdie.



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