In a sale that is possibly the possibly the single largest purchase of a piece of virtual property ever. Last week Yan Panasjuk completed a deal with Jon Jacobs to buy a large portion of Jacobs’ popular Entropia destination Club Neverdie.
The deal included seven bio-domes, a stadium, club and mall with Yan paying the entire $335,000 out of his own pocket.Hoping to use the ingame real cash economy to make even more money. Currently the in game exchange rate is 10: 1 and Jacobs before the sale of his nighclub was making around $200,000 a year from selling virtual goods and services.
Why would Yan Risk investing so much real cash in an online virtual real-estate deal? His answer:
When motion pictures were first invented there were a lot of critics saying that it is a novelty act and it would never amount to anything nor will be able to make any real money once the novelty wears off – last time i checked Avatar has grossed 2.7 billion dollars world wide. Most recent example is MTV and Internet but then you know those stories well enough. Virtual Universe is the next logical step in world entertainment and although there are a lot of critics and people shaking heads it is here to stay and take its ranks among the greats.
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