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Man pays $100,000 for virtual resort Man pays $100,000 for virtual resort
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Man pays $100,000 for virtual resort
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Old 11th November 2005, 04:54   #1
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Man pays $100,000 for virtual resort

Jon Jacobs imagines he can bring in more than $1.6 million a year in revenue--all on a one-time $100,000 investment in something that exists only in the realm of ones and zeroes.

Jacobs, an independent film director, recently invested six figures in a virtual space station in the online game "Project Entropia." He theorizes that the fertile hunting grounds, night clubs and housing on his new property will far more than repay his hefty outlay.

And while some might question the sanity of putting Ferrari money into an investment that would have no value if "Project Entropia" ever folded, Jacobs feels he is on safe ground.

After all, he explained, a "Project Entropia" island that famously sold for $26,500 last year has more than paid for itself.

"There were eight other serious bidders (for the space station)," said Jacobs. "The guy that spent $26,500 was trying to spend $100,000 to get the next piece of property (too). Why? He more than anybody knows that that scale of investment" and return was realistic.

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