$345 Million in Virtual Real Estate in First Half of 2008

Posted Thu, Jul 10, 2008 by Medeor

Mortgages scarce for real property, but virtual world investment heats up.

Since real estate is in the tank and the stock market is a crap shoot, investing in virtual real estate might make some sense. Turbine scooped up $40 million, and that's not even in the top two "virtual world" investment jackpots received so far this year. 9You ($100 million) and Realtime Worlds ($50 million) combined for almost half of the total money received in the first half of 2008. According to TechCrunch:

A report put out today by Virtual Worlds Management tracks $161 million put into 14 virtual-world investments during the second quarter of 2008. In the first quarter there was even more activity, with $184 million put into 23 virtual worlds and supporting technology companies.

How much would $345 million buy of Azeroth? Probably not the whole eastern kingdoms, but I bet you could get a nice villa overlooking the Vile Reef.

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