Investor Scores $2.5M in Virtual Real Estate
Entropia Universe developer Mind Ark has announced that a single investor has snapped up $2.5 million dollars in virtual real estate on Planet Calypso. The deeds were purchased via the Citizenship system which allows for revenue sharing.
When a player procures land deeds they are granted certain privileges, these include receiving a share in the Planet Partner gross revenue of Calypso, paid weekly. This means that those in the Citizenship system are directly profit sharing from the game itself. The land deeds are auctioned at a base price of $100 per deed and have mostly gone out one-by-one. However large monetary transactions are nothing new in Planet Calypso with one player paying $330,000 for a Virtual Space Station in 2010 which, at the time, set a world record.
Read more about the Entropia Universe transaction.