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Thursday, 18 November 2010 12:36

In-game location sold for $335,000

Written by Nedim Hadzic
y_money

Investor means business
Online sci-fi game Entropia Universe has seen one of its in-game entertainment venues sold for hefty $335,000. The “venue” is a “club” called Neverdie and it has been sold to a 35 year old Boston man Yan Panasjuk.

Apparently, the “club” includes seven bio-domes, a stadium, a nightclub and a mall, which in real world definitely would make for a great investment. Pixel-estate, on the other hand, wouldn’t seem as good to many, but the proud new owner thinks otherwise.

Panasjuk explained his decision by drawing a parallel with motion pictures, MTV and the internet and how it was once said they’re just a fad, yet they rake in serious dough now. Comparably, he expects his investment to follow suit, as he finds it to be the next logical step in world entertainment.

With that in mind, Panasjuk plans to decrease the work hours on his job as a software developer and up the game playing time from 10-20 per week to 40-60 hours per week.

Last modified on Thursday, 18 November 2010 12:39

Nedim Hadzic

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Comments  

 
+14 #1 deadspeedv 2010-11-18 15:20
And here I thought I was a nerd looking at tech sites. I wouldnt buy a virtual space on some crappy game for the same price as a real house.
 
 
0 #2 yasin 2010-11-18 21:26
i wouldnt mind buying some real estate in a popular game like GTA though...priceless publicity.but not this game ahah
 
 
+3 #3 function69 2010-11-18 21:35
Someone has too much money!
 
 
+3 #4 ghelyar 2010-11-18 21:38
It's only an investment if there is some way to turn a profit, which, in this case, there isn't.

Motion pictures, MTV and "the Internet" were certainly not fads and all have clear ways to make money. TV channels were highly profitable long before MTV existed.


Clearly more money than sense. I didn't even know Entropia Universe was Mac compatible.
 
 
+4 #5 Dr Fist 2010-11-18 22:55
Quoting ghelyar:
It's only an investment if there is some way to turn a profit, which, in this case, there isn't.

Motion pictures, MTV and "the Internet" were certainly not fads and all have clear ways to make money. TV channels were highly profitable long before MTV existed.


Clearly more money than sense. I didn't even know Entropia Universe was Mac compatible.


If you had done your research you would have found that this "Entropia Universe" has an economy based on real money, so I assume there is a way for him to turn a profit. How much profit is another matter, but it is unlikely he splashed out 300k without doing the math.
 
 
+1 #6 Chug 2010-11-19 03:08
As a player of EU I can confirm the purchace price is correct.

The whole 'game' is based on an economy in which everything has a value and players deposit (by choice) to trade, craft, hunt, mine etc

Property may be in the form of land areas which incur taxes on loot found when hunting and mining - and this is the basis of profit return for this large purchase.

Currently a player named Deathifier owns land purchased for 30k with a turn around of around 90k per annum. The asteroid (above purchase) was owned by John NEVERDIE Jacob who sold this and others portions of the asteroid for a total of 630k+.

Sounds daunting, but with the economy system built in many some players make quite good returns.
 
 
+2 #7 thematrix606 2010-11-19 06:07
Quoting ghelyar:
It's only an investment if there is some way to turn a profit, which, in this case, there isn't.

Motion pictures, MTV and "the Internet" were certainly not fads and all have clear ways to make money. TV channels were highly profitable long before MTV existed.


Clearly more money than sense. I didn't even know Entropia Universe was Mac compatible.


As Dr Fist pointed out, I would like to point out as well: You should do some research, and stop posting stupid comments.
 
 
+1 #8 NickThePrick 2010-11-19 09:14
Quoting thematrix606:
Quoting ghelyar:
It's only an investment if there is some way to turn a profit, which, in this case, there isn't.

Motion pictures, MTV and "the Internet" were certainly not fads and all have clear ways to make money. TV channels were highly profitable long before MTV existed.


Clearly more money than sense. I didn't even know Entropia Universe was Mac compatible.


As Dr Fist pointed out, I would like to point out as well: You should do some research, and stop posting stupid comments.


I still think his comment was hilarious
 

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