Get Inman via Facebook Messenger
Our top headlines delivered once a day.
by CareyBot

Sure, it's nice to own a house on Planet Calypso. But savvy real estate investors know that the real money is in shops, spaceship hangars and castles. And we are talking about real money. In "Project Entropia," an online videogame that features a virtual world – complete with real estate sales, purchases and virtual deeds of ownership – actual money can be exchanged for Calypso's "Project Entropia" Dollars, or PED, at a rate of 10 PED for every $1 U.S. The game is available for free download, though players can pay to acquire and amass virtual items, including real estate. Marco Behrmann, community relations director for Swedish company MindArk, which operates "Project Entropia," said, "The unique real cash economy means that every item has a set value in (PED) that has a fixe...