« Home | How To Use The Zune as a Hard Drive » | Blue Screen of Death (BSOD) Screen Saver From Micr... » | Emsdetten school shooter's Homepage blocked » | Emsdetten school shooting » | Colbert talks about Dungeons and Dragons » | Robert Altman » | Officer in UCLA Taser case identified » | Is it "Man on the Moon" style by Kramer (Michael R... » | Patient gamers buy PlayStation 3 » | UK's Computer industry 'faces crisis' »

Anshe Chung: First Virtual Millionaire Through Second Life

Anshe Chung, a real-estate tycoon in the digitally simulated world known as Second Life, has apparently become the first virtual millionaire--i.e., someone whose holdings in a make-believe world are legally convertible into genuine U.S. currency worth more than $1 million.

Chung is the nom de keyboard of Ailin Graef, a former schoolteacher who says she was born and raised in Hubei, China, and is now a citizen of Germany. She will give a press conference about her achievement on November 28th at 9:00 a.m. PST, although it will occur in-world, i.e., to attend you will need to have downloaded Second Life's software from the company that created and maintains it, Linden Lab. Here is Chung's announcement, which has additional details. (A spokesperson for Linden Lab told me she could not immediately verify Chung's claim, because Chung's property is held in many different names, but hopes to have the information by later today.)

The fortune Anshe Chung commands in Second Life includes virtual real estate that is equivalent to 36 square kilometers of land – this property is supported by 550 servers or land "simulators". In addition to her virtual real estate holdings, Anshe has "cash" holdings of several million Linden Dollars, several virtual shopping malls, virtual store chains, and she has established several virtual brands in Second Life. She also has significant virtual stock market investments in Second Life companies.

Anshe Chung's achievement is all the more remarkable because the fortune was developed over a period of two and a half years from an initial investment of $9.95 for a Second Life account by Anshe's creator, Ailin Graef. Anshe/Ailin achieved her fortune by beginning with small scale purchases of virtual real estate which she then subdivided and developed with landscaping and themed architectural builds for rental and resale. Her operations have since grown to include the development and sale of properties for large scale real world corporations, and have led to a real life "spin off" corporation called Anshe Chung Studios, which develops immersive 3D environments for applications ranging from education to business conferencing and product prototyping.

Source: Money.Cnn.com
Tags: Second Life Money Vritual Life
Other Happenings: Studivz Video Nick Douglas Youtube Zune Text Myspace Second Life Britney Spears Google Brent Studivz Xss Iraq Lindsay Lohan

Post a Comment
Thanks For Showing Interest In My Posts

Powered by Rollyo
Blogarama - The Blog Directory
blog search directory
Directory of Politics Blogs
Free Blog Traffic @ Blog Annoucne
Politics Blogs - Blog Top Sites
British Blog Directory.
Find Blogs in the Blog Directory
Submit your website to 20 Search Engines - FREE with ineedhits!