Sick of the current real estate trends? It might be time to turn your eye to the virtual real estate market of Second Life.

For those of you unfamiliar with Second Life, it isn’t a game, per se. It’s an online virtual universe where you can live out an alternate fantasy life — a virtual online universe with millions of registered users.

Meet one of Second Life’s richest land barons, Anshe Chung:

As more people sign up for the virtual world, “real” companies are beginning to invest resources into tapping the Second Life market. The virtual boundaries of this game are blurring, and the Second Life economy is very real.

Like Anshe Chung, some of the most successful land barons of Second Life are reportedly making up to $150,000 dollars a year. In fact, the real estate market in Second Life looks promising enough for Coldwell Banker to get involved.

Over at Reuters, you can use a currency converter to compare the value of the linden (Second Life’s unit of currency) against the dollar.

I’ll be waiting for the new A&E program: Flip This Virtual House.

Tags: Cool, Economics, news, virtual-reality

This entry was posted on Tuesday, November 13th, 2007 at 3:21 pm and is filed under General. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.