Tuesday, May 16, 2006


Here comes the RealEstate E-Boom!

I’ve wrestled with this one for a while. It’s hard to get a grip around, but the numbers are certainly growing…

Just as the RealEstate boom is slowing in the U.S. another one is forming. The only problem is, it’s not here on earth…. This boom will be in online games or virtual worlds.

Consider this:

Jon Jacobs purchased a ‘Space Station’ for $100,000 (real U.S. dollars) in a game called Project Entropia back in October 2005. Everyone laughed at him. Now he earns $15,000/month in rent. Again in real U.S. Dollars.

Second Life, a game that’s dedicated to a virtual world was designed with a built-in virtual economy. It’s churning $5,000,000/month in real U.S. dollar transactions.

Anshe Chung, Second Life's most notable land baron, makes $175k per year flipping virtual real estate.

Here are some more stats to think about…

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