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Man Who Paid $335,000 for Virtual Real Estate Explains Why

by on November 18, 2010

Project Entropia is one of the more money-centric virtual worlds in existence, regularly advertising hundreds of thousands of dollars in transactions.  Recently, Yan Panasjuk bought the “Club Neverdie” for a whopping $335,000 dollars, and talks about it to an article in Forbes.

“When motion pictures were first invented there were a lot of critics saying that it is a novelty act and it would never amount to anything nor will be able to make any real money once the novelty wears off—last time i checked Avatar has grossed 2.7 billion dollars world wide. Most recent example is MTV and Internet but then you know those stories well enough. Virtual Universe is the next logical step in world entertainment and although there are a lot of critics and people shaking heads it is here to stay and take its ranks among the greats.”

While paying that much for “virtual property” seems ludicrous to many, you don’t have to look far into the past to see a similar rush on web addresses and domain names at the start of the internet.  The popular sex.com address changes hands every few years for similarly large and ridiculous sums of money, and virtual worlds are rapidly replacing traditional web environments, be it from Second Life to Farmville.

What do you think?  Is Yan Panasjuk a visionary, or a sucker?

via Man Who Paid $335,000 for Virtual Real Estate Explains Why.