Business 2.0:
Imagine the real estate mogul in a world where everything is for sale. No, it’s not Donald Trump in Vegas, but a Chinese-born teacher who is the land baroness of the virtual world Second Life.
The profits are real, even though the landscape and the character named Anshe Chung are simulated. The woman who created Chung, and whose brick-and-mortar home is in Germany, owns about $250,000 in virtual land that she buys, sells and leases with fellow virtual citizens, or avatars.
In Second Life, users can fly, teleport and create anything their imaginations and skills allow. Moreover, they can freely buy and sell their goods for an in-world currency, called Linden dollars, that can be exchanged for real life greenbacks. Read more.
Virtual Economies Attract Real-World Tax Attention.
Subscribe 
