Man Drops His Entire Life Savings On Buying Virtual Land In The Metaverse

A Texas man has given away his entire life savings to buy virtual land on an online virtual reality game.

Let’s hope the property market isn’t as dire in the metaverse.

"I know it sounds like a lot, and it's a crazy thing to tell someone that, you know, I'm a virtual landowner, and I put my life savings into it. But I believe in Entropia," said the new virtual property owner.

Reed has been playing Entropia Universe for almost 20 years and says the game has helped him pay his college tuition.

“I get a revenue based on everything that a player finds out there. If they go out on doing their mining, I get a 3 per cent tax revenue on that. And that’s how I get my income,” he explained.

He also revealed that he pays $60 (AUD $88 or £50) to keep animals stocked on his land but doesn’t pay taxes.

We can’t deny that’s a pretty decent deal.

Virtual property is definitely having its hot girl summer right now as more and more investors are splurging massive coin to buy land through the metaverse.

Christie plans to use the penthouse solely for business affairs, offering an alternative for Zoom or FaceTime calls.

​​"The vision for this penthouse is rather than me hosting Zoom calls, I can send out my link to people to join me there," she said.

"If we're going to do Zoom calls anyway, we might as well do it in style."

"Newsflow around the metaverse concept has been high and companies are embracing it in growing numbers," he said. 

"Of any major theme, companies and analysts have greater interest in the metaverse than any other theme at present."

He added that the gap between the virtual world and reality is quickly becoming smaller.

"It can fundamentally change the medium through which we socialise with others,” he said.