Nerd City

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People are investing real money in their digital presence. That’s nothing new. But how much does a 1 BR next to the Gorgon’s Ice Castle cost?

Welcome to interactive virtual reality–sans dragons but replete with landowners, nomads, inventors, investors, artists and socialites. The lives and habitats these people create are not reality, but “colonists” of “Second Life,” Inman News reports, are spending real money.

Property ownership can be socially and financially empowering in this new frontier, much as it is in the real world, and this has spawned a booming market for real estate purchases and a profitable niche for virtual world real estate specialists.

Now: Can Uncle Sam get a piece of the action?

– Riva Froymovich

Nerd City