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Matwyshyn said virtual property should be thought of like a "service" instead of something that's actually owned.
CNN: Can people actually 'own' virtual land?
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According to a 2010 Business Software Alliance (BSA) study, seven in 10 users say they support paying for virtual property, and eight in 10 say they value legal over pirated software.
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Now, in a sign that virtual issues increasingly are bleeding into the real world, some "residents" of Second Life are taking virtual property rights to real-world court, citing California consumer protection laws to make their case.
CNN: Can people actually 'own' virtual land?
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Many years ago, over lunch with a friend, I theorized that there was a business to be created out of maintaining limited duration virtual property (that is, stuff that needs renewing) such as domain names and SSL certificates held by organizations.
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The goal of such game-targeted malware, says McAfee researcher Igor Muttik, is to gain possession of virtual in-game property and currency and resell it on auction sites like Hong Kong-based IGE.com.
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Using the university's technology, a property developer can show clients inside a virtual version of his new flats.
ECONOMIST: Middlesbrough
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Torts (e.g. online abuse) and property disputes (e.g. virtual assets)?
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Property seizures from delinquents came to a virtual halt.
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In the case of bitcoin, a strong case can be made that, even with secondary markets, certain virtual currencies lack the legal elements of material value and property.
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The complaint says Second Life tried to lure people into the virtual world by promising it would be a unique place where residents actually owned their property.
CNN: Can people actually 'own' virtual land?
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"I want something to be left to attract them to the property, " he says of the lower level, which also has an arcade and virtual-reality golf simulator.
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