Making Real Money In A Virtual World

December 4th, 2006

MoneySecond Life, a popular MMORPG, allows one to exchange virtual money (Linden dollars) for real money at a varying rate. Now a player claims to be the first person to reach an online net worth that could be cashed in for $1 million. Anshe Chung managed to do this via virtual real-estate transactions over a 2½-year period. This raises some interesting tax questions, which Chad’s News has covered previously.

Link: http://money.cnn.com/blogs/…
(via Neatorama)

Press Release: http://www.anshechung.com/…

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