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Virtual Property - Real Cash


Amadeus

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Virtual Resort Sells for $100,000

 

For a guy who just spent a ton of money for a piece of property that has no physical attributes, Jon Jacobs feels upbeat about the investment and is confident it will pay off in short order.

 

Jacobs, an independent filmmaker from Miami, recently paid $100,000 for a virtual "space resort" in the online role-playing game "Project Entropia," a virtual universe with a real cash economy. Full Article

 

Err..$100k for something that doesn't physically exist? I think these online role-playing games now have me finally confused - what's so great about it that you would pay 100k? Or am I missing something?

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