Virtual real estate selling for millions

Earlier this year another property sale set a new record. Planet Calypso sold for $US6 million ($5.7 million).

Real estate records come and go with startling frequency and this $US6 million sale might not sound like much of a record, until you find out Planet Calypso is a fictional place on the Entropia Universe social gaming site.

Yes, somebody has actually spent $SU6 million on thin air.

Crazy as it sounds, it could actually be a brilliant investment.

The virtual world - worlds actually – contains thriving communities and booming economies. The bigger worlds are known as massively multiplayer online role-playing games (MMORPG).

What started with small purchases of game elements has grown into an environment where traditional, real-world businesses are looking to invest, as gamers start to reap million-dollar returns.

Source: Sydney Morning Herald