Meet the man who paid a record $335,000 for a virtual property
Wednesday, March 2, 2011 at 8:00AM In February 2011, Yan Panasjuk paid a whopping $335,000 to Jon Jacobs to buy a large portion of Jacobs' popular Entropia destination Club Neverdie, including eight bio-domes, space docks, a stadium, club and mall. This was hardly just another real estate deal, however. Panasjuk paid real money for something that exists only in the online virtual world.
Why would Panasjuk, a 35-year-old software engineer living in Boston, do that? There's money to be made. Entropia is an online game that has a real cash economy--players can exchange Project Entropia dollars for real U.S. dollars at a fixed 10:1 exchange rate, enabling virtual entrepreneurs to start 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. Nov. 17, 2010
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