Virtual Real-Estate Boom
The world’s largest virtual real-estate deal took place this week on Second Life, a virtual world where people spend real money. The fictitious property went for $335,000.
Sign up for the Smarter Faster newsletter
A weekly newsletter featuring the biggest ideas from the smartest people
While real estate prices are down across America, there is one place that’s booming. Just don’t count on the bank giving you a mortgage for these properties. They are completely fictional. A virtual real estate deal caught the eye of many this week when Jon Jacobs, an Entropia Universe user, made a record US$335,000 in a single sale. Jacobs sold his property on a fictitious asteroid to John Foma Kalun, known as “pesok” in the massively multiplayer online game. Jacobs, known online as Neverdie, sold part of his land this week for $5,000 more than the previous online property sale record of $330,000. Both records were set by Entropia Universe users.
Sign up for the Smarter Faster newsletter
A weekly newsletter featuring the biggest ideas from the smartest people
