Tuesday, November 9, 2010

Markets exist everywhere

An enterprising fellow recently made a record-breaking transaction, by turning digital property into cash, on the massively multiplayer online game (MMORPG), Entropia Universe.

From Next-Gen
EntropiaPlanets, a fansite dedicated to the world of MMOG Entropia Universe, reports that one of the games' users, Jon Jacobs, has sold a number of in-game properties to another user, John Foma Kalun.


Jacobs, who goes by the in-game name of Neverdie, has made a number of high-profile transactions over the past few years, from the $25,000 sale of his in-game items, to his purchase of a virtual asteroid for $100,000. The purchase of the asteroid, in 2005, was believed to be the most expensive virtual item sale in history. That record was broken by the 2009 sale of the Crystal Palace Space Station for $330,000.

The recent sale, confirmed by Jacobs to the fansite, amounts to a value of $335,000. Jacobs sold a number of bio domes, a mall, stadium and a club to Kalun.


I find it interesting that some developers, such as Blizzard, disallow the trading of in-game items to real world money in their EULA and some developers do not.

Words so you can sell fake stuff:
moue
\MOO\ , noun;
1.
A pouting grimace.

nacreous
\NEY-kree-uhs\ , adjective;
1.
Resembling nacre (mother-of-pearl); lustrous; pearly.

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