[p2p-research] free MMORPG game: Virtual Micro-payment model pays out in real cash
MARZIO VENEMAN
max.rythmos at yahoo.com
Mon Jan 4 11:03:34 CET 2010
Dear subscribers P2P listserv.,
With reference to a recent article that virtual ground has been sold for a record amount, I take pleasure informing you as follows:
http://en.wikipedia.org/wiki/Entropia_Universe
The developers instead have decided to use a variant of the micropayment economic model, which consists of buying in-game currency (PED - Project Entropia Dollars) with real money that can be redeemed back into real world funds at a fixed exchange rate with the US dollar, where 10 PED = $1 USD.This means that virtual items acquired within Entropia Universe have a real cash value, and a participant may, at any time, initiate a withdrawal of their accumulated PEDs back into real world currencies according to the fixed exchange rate, minus transaction fees.
a) Marketwire.com (May 8, 2007),"Virtual world Entropia Universe issues first ever virtual banking licenses for $400,000". Retrieved through web archive on 2007-11-18.
b) NEW: virtual ground sales mounting to the record eur. 228,000 (USD 330.000)
I trust this information is sufficient for your purposes, in case you require any additional details, please do not hesitate to contact the undersigned.
Yours sincerely,
Cordiali Saluti
Marzio Veneman
The Netherlands
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