$213,784 Total July Land Sales
Entropia Universe Announces Final Sale Prices From July Virtual Real Estate Public Auction Totaling Over $200,000
The Virtual Real Estate Boom Is Here, Thousands Flock to Spend Thousands for Virtual Properties, Including Vast Rainforests, Riverfront Estates, Remote Snow Covered Mountains, and More
GOTHENBURG, SWEDEN -- (MARKET WIRE) -- August 07, 2006 -- Entropia Universe, the fastest growing virtual world utilizing a real cash economy, today announced the final sale prices from its July 2006 real estate public auction. The auction began on July 5, 2006 with an opening release of six new land areas full of hunting and mineral rights and closed late July with total of thirteen properties sold. The various virtual land masses including remote snow covered mountains, riverfront estates, vast rainforests and jungles, lake homes and more sold for a combined $213,784.00.
"The success of the recent Entropia real estate public auction marks the beginning of the virtual property boom," says Jan Welter, CEO of MindArk, developer of Entropia Universe. "In 2005, the Entropia Universe turnover (amount of virtual Project Entropia Dollars converted back into real world currency) was estimated at $165,000,000 US dollars. With the massive virtual business development and economic growth seen in this year within the universe, we saw a need for new land openings and opportunities. Therefore, we created fertile and abundant properties for sale in hopes of facilitating business endeavors and continuing the economic prosperity of Entropia Universe."
Read the full press release here:
http://www.marketwire.com/mw/release...ease_id=151156
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$213,784 Total July Land Sales