Entropia Universe allows players to purchase shares to invest in the Crystal Palace

    
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Hooray, the world is awful.

In the first half of 2019, you can get money for the loot other people earn in Entropia Universe. Yes, really. The game is going to be selling shares within the Crystal Palace, 500,000 shares that equal the total land area of the area. One share will run $1 (10 Project Entropia Dollars), and owners of a share will earn dividends on any loot collected within the owned region, which will ultimately be convertible back into real money. So yes, you could just earn money from other people farming.

Of course, you’d need to spend $5,000 just to have 1% of the land for earning money, so you may not want to prepare a $5 investment and expect to be getting big money right back.

MindArk says this “marks the first time that a private owner of virtual property is selling shares in a newly created virtual company in Entropia Universe.”

“In the first half of 2019, new and existing users will have an opportunity to invest in a piece of the long-running massively multiplayer online (MMO) game by purchasing shares to the historic Crystal Palace location. This pilot investment opportunity marks the first time that a private owner of virtual property is selling shares in a newly created virtual company in Entropia Universe. The 500,000 available shares equal 100% of the Crystal Palace land area and will be sold in Entropia Universe for 10 Project Entropia Dollars (PED) or $1.00 USD each. Anyone interested can purchase shares for Crystal Palace using an Entropia Universe account. All shares pay out in convertible in-game dividends and are available to be bought and resold throughout Entropia Universe.

“The now 13-year-old Crystal Palace consists of four different dome locations, featuring two unique creatures, with 10 varying levels of difficulty, that Entropia Universe players can hunt for loot. When the Crystal Palace was originally sold to the current private owner in 2009, it was one of many times Guinness Book of Records recorded a sale in Entropia Universe. Shareholders will get a proportional cut of the total loot collected across all four domes in the form of PED and can then choose to convert their earnings into real money. The upcoming Crystal Palace shares are one of the many ways that investment-minded players can earn real-world profits from Entropia Universe. With more than a billion microtransactions taking place in Entropia Universe every month, Entropia Universe boasts a yearly Gross Domestic Product of more than $400 million – equivalent to the nation of Tonga. Entropia Universe property sales in the past have broken world records, including the very first virtual property worth more than $1,000,000. Over this past year alone, the Crystal Palace earned an approximate return on investment of 17% for its current owner.”

Players can also take part in the game’s current iteration of the Merry Mayhem event, fighting against hordes of creatures to earn Christmas Strongboxes. As the game does have a direct exchange between real money and in-game money, you can most certainly drop a lot of money for better gear and thus earn all the best rewards, which is the true meaning of Christmas. Or capitalism. It’s one of the two.

Source: MindArk press release, Merry Mayhem event
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Alberto

Man nothing?? if this was labeled Star Citizen it sure as heck would be filled with comments……this game also sells virtual property for thousands of dollars…crickets

Pepperzine
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Pepperzine

I think it’s because this game embraces it and the people who play it do not have blinders on to it. Since that’s the case, there is no purpose in pointing it out as the playerbase response is “yep, that’s why I play” compared to star citizen where the response is “that’s not true, you’re exaggerating, look at the cheap ships you can buy, it shouldn’t be considered pay-to-win”.

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Armsbend

I’m quite sure the guy who “invested” a cool mill is getting a 17% return.

sure.

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Dobablo

Old game with a small audience that knows how the game works continues to operate according to established principles in niche section of the MMO market.
The event is news-worthy but what is there to comment about?