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

Posted on Saturday, November 20 2010 @ 14:00 CET by Thomas De Maesschalck
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.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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