Man buys land in the Metaverse for AED 66,116

A Texas man has given away his entire life savings to buy virtual land on an online virtual reality game.

The Texas native, Justin Reed, whose online alias is David Joker, spent US$18,000 (AED66,116) for the Khorum Coast, a piece of property in the virtual land Entropia Universe.

“I know it sounds like a lot, and it’s a crazy thing to tell someone that, you know, I’m a virtual landowner, and I put my life savings into it. But I believe in Entropia,” said the new virtual property owner.

Reed has been playing Entropia Universe for almost 20 years and says the game has helped him pay his college tuition.

“I get revenue based on everything that a player finds out there. If they go out on doing their mining, I get a 3 per cent tax revenue on that. And that’s how I get my income,” he explained.

He also revealed that he pays $60 (AUD $88 or £50) to keep animals stocked on his land but doesn’t pay taxes.

About Entropia Universe

Man virtual land
Entropia Universe is an advanced 3D online virtual environment with a developed planetary system and one universal Real Cash Economy system. Each planet offers a wide variety of exciting entertainment. You can travel between the planets through space and socialize with people from all over the world.

It does not cost anything to join and there are no subscription fees. The Entropia Universe economy is built on an advanced micro-payment system, giving you as a participant a great freedom of choice.

Source: Agencies