Project Entropia: Status of the Game

Admin

MindArk recently sent us a press release updating us on the status of their MMORPG with a "real cash" economy.  Here is some of what they had to say:

Project Entropia has evolved significantly the last 18 months since launch. The latest free update (VU 6.0) included a new graphics engine and during the fall a unique land grab event will take place on the new continent, meaning every participant in Project Entropia will fight for their own land, like the settlers did in the US in the 1800's. Also a very exciting auction is going on, featuring a fully equipped Treasure Island! This land area is some 6000 acres and gives the owner rights to estate sales, land management (including taxation of people who persue activities), and special areas not available to others. Some key figures from the Project Entropia economy: Total economy turnover since January 2004: $40,700,000 US The value of virtual house sales since November 2003: $70,000 US The total number of auctions of virtual items since October 2003 : 175,295 Quick facts about Project Entropia Project Entropia is a virtual universe online with a real cash economy that is free to download on the web and is without any subscription fees. Launched in January 2003, Project Entropia have reached over 150,000 registered accounts, mainly by positive word of mouth. Project Entropia has been featured on TV several times (including News broadcasts and on the G4 network), as well is in media like USA Today, CNN Business, and Wired. The unique real cash economy means that every item has a set value in Project Entropia Dollars (or PED) that has a fixed exchange rate to the US$ and 1 US$ equals 10 PED. To acquire PED a participant needs to transfer real life fund onto his virtual avatar, which is used to purchase virtual items. The funds acquired while partaking in Project Entropia can be also exchanged back into real life funds, meaning that a participant can actually make real money by playing an online game!

For more information about Project Entropia feel free to hit their site at this link.

- MMORPG.COM Staff -

ignitor

for those who are interested ..current bid is 5k PEDs = 500 US$

STERLING&MOSS ASSOCIATES(PE)

JASIOQ

Heh, you can make real money only in theory! Look at that numbers!!!! If you want to have fun playing you need to spend at least 100$ a MONTH It is far more than monthly subscription to other MMORPGs. But need to admit that game is cool. ANYONE who make money playing that geame hand Up! Write to me how can you do this? I know that spending 16 hrs a day just trying to trade might be ok, but is it funny? In my opinion game is not balanced, you spend too much money for it. So dont cry when you look into your wallet some time and you'll see only a copper penny.....GL to all anyway

JASIOQ (begginer laser sniper) freelencer

TaskyZZ

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Originally posted by ignitor
for those who are interested ..current bid is 5k PEDs = 500 US$STERLING&MOSS ASSOCIATES(PE)

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Current Bid?!?!

That is the rate you get them from MA isn't it? Or do you not charge a service fee? So, it is a little cheaper?

Coldfreeze

Nope, all estates auctioned out starts at 10 cents, or 1 PED.

ignitor

current bid is 6.7k

well basicly exchange from $ to peds is $x10
but u need to pay certain banking fees depending on the way u choose to transfer

reg auctions ..to start an auction u need to pay 1 PED
its up to the player to set starting bids and buyout(also no BO is possible) for items

current info on island <<here

ignitor

current bidis 15.4k peds

will be interesting where this ends...

STERLING&MOSS ASSOCIATES(PE)