Industry News

The real estate worlds of cyberspace

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Editor's note: This story kicks off our three-part series on virtual real estate worlds. Find out why these worlds are not just games, and what entices people to pay real money for land in cyberspace. (See Part 1: The next big (cyber) land grab and Part 2: Real estate investors gain ground in virtual worlds.) A number of multiplayer online role-playing games (MMORGs) have been released that allow people to interact with other people around the world as they explore virtual worlds. There are Web sites that allow people to exchange real money for virtual-world currency, and some virtual worlds allow participants to buy virtual land and build homes. Here is a sampling of these virtual worlds: "World of Warcraft" This online fantasy game surpassed the 5 million-customer mark in December, according to Irvine, Calif.-based Blizzard Entertainment, the game's developer. It is a massive multiplayer online version of a series of earlier "Warcraft" games. "Players from across the globe can ...