Planet Arkadia Sells World’s First $1 Million ‘Virtual’ Property

Planet-Arkadia

Planet Arkadia Sells World’s First $1 Million “Virtual” Property (ZeroHedge, March 27, 2014):

$20 billion yesterday for a “virtual” reality corporation… but it gets better, as Property Guru reports, Singapore-based game developer Planet Arkadia is offering investments in what is believed to be the world’s first million dollar virtual property. It offers the ‘investor’ a chance to participate (by spending real money) in the “vibrantly growing economy of Planet Arkadia” – which we note is entirely virtual. Top, much?

Via Property Guru,

Singapore-based game developer Planet Arkadia is offering investments in what is believed to be the world’s first million dollar virtual property.

The company is offering players of the Entropia Universe game the chance to invest in 200,000 deeds priced at US$5.00 each – or PED 50 which is the in-game currency.

This innovative offering has been launched in direct response to player demand for more opportunities to invest. According to the company, the ‘Real Cash Economy’ has been developed over a 10-year period, providing a solid foundation for the virtual economy as all in-game currency ‘PEDs’ are transferable to US$ at a fixed rate of 10 PED for each dollar.

Importantly, the company added, participants are able to withdraw their earnings back to their real life bank accounts at any time.

“Arkadia Underground has been highly anticipated within our Arkadian and Entropia Universe communities, especially now we have the ability for every player to earn revenues with such a low barrier to entry,” said David Dobson, Chief Executive Officer of Arkadia Studios.

“Every player can now participate in Arkadia’s vibrantly growing economy which has enjoyed a quadrupling of activity year-on-year for three years. Where else can you make investments where you can also jump in to play for fun and be rewarded on so many levels?”

The company was founded in 2010 and is supported by Singapore’s Media Development Authority according to its website. Entropia Universe is the world’s largest ‘Massively Multiplayer Online Real Cash Economy’ game.

Smells a little like Bitcoin… so as a gentle reminder MtGox was named for Magic -The Gathering… and that all ended well eh? Of course, the question this transaction really begs is – is there a virtual central banker?

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