Question

In 2010, Jon "Neverdie" Jacobs sold his virtual real estate complex in the online game Entropia for a reported $635,000—in real U.S. dollars. The Entropia Universe has its own virtual economy with a fixed exchange rate to the real world. The real estate Jacobs sold, that was allegedly originally purchased with $100,000 mortgage from his non-cyberspace home, included 20 large biodomes for hunting and mining; 1,000 apartments and a circular shopping area with 66 stores. Are virtual goods like Club Neverdie real property, personal property, intellectual property, or something else?

Answer 1

Answer:

the correct is something else

Explanation:

I believe that Jon's estate complex in Entropia could classify as an intangible property.

Intangible property can be defied as property that doesn't have any physical attributes that give them value. For example, a car is a tangible since you can drive it around, but a certificate of deposit is just a piece of paper (or even a computer code) and nothing else. The same applies to bonds and stocks, you know they are valuable but their value is not provided by their physical characteristics. Other intangible property include patents, software, licenses, copyrights and trademarks.

All of these can be extremely expensive, for example Microsoft is worth hundreds of billions and it sells digital ones and zeros.