Real cash for virtual goods | CNET News.com

"As far as real estate transactions go, there was nothing obviously freaky about David Storey's December purchase.

A total of $26,500 for a piece of undeveloped land in an unpopulated but potentially prosperous new suburb--what's not to like? Except that the property exists solely on the servers of 'Project Entropia,' a computer game where players exchange real-world money for in-game goods, services and property.

Almost every major online game has an in-game economy, where players exchange in-games goods for in-game currency. Most also have a real-world economy, where in-game currency and goods trade hands for hard cash." (full story at link.)

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Online economies are fascinating, human ingenuity will always lead to exploiting new technology for either profit or porn. Or both.