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There are already a number of popular virtual worlds such as Second Life, There and Entropia Universe.
BBC: Screen shot from Metaplace
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In Entropia, which is an asteroid, Panasjuk is the avatar John "Foma" Kalun, who has been a player for a decade.
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His Neverdie Studios, which employs 13 people and is situated on prime real-estate in the heart of Hollywood, is creating entirely new planets in the Entropia Universe.
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At the beginning of 2000, right after the Y2K bug failed to destroy all of mankind, Panasjuk says he got a tip from a friend to check out Entropia.
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Because Entropia has a real cash economy (players can exchange Project Entropia Dollars for real U.S. dolllars at a fixed 10:1 exchange rate), virtual entrepreneurs can start real moneymaking businesses in the game.
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The hottest virtual market around today seems to be in Entropia Universe, a space bound MMO best known for having an actual working economy based on real money, which results in headlines like this.
FORBES: Virtual Entropia Universe Property Sells for $335K Real Dollars
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Entropia is an online game that has a real cash economy--players can exchange Project Entropia dollars for real U.S. dollars at a fixed 10:1 exchange rate, enabling virtual entrepreneurs to start businesses in the game.
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Jacobs found Entropia, and soon became hooked.
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This means that virtual items acquired within Entropia Universe have a real cash value, and a participant may, at any time, initiate a withdrawal of their accumulated PEDs back into real world currencies according to the fixed exchange rate, minus transaction fees, the minimum amount for a withdrawal is 1000 PED.
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