01. Aug. 2008, 14:28 | NEWS
Real estate company launched
NEWBIES may soon find it easier to buy virtual real estate with the help of a new company, Entropia Holdings.
Jason Appleton, founder of the Mixed Martial Arts Big Show, plans to raise 100,000 PEDs for land development in-world. Entropia Holdings is seeking to raise the money as the official investor launch opens on August 1.
Appleton said: “Entropia Holdings is a collective investment fund put in place to help almost anyone to achieve even partial ownership of the booming virtual real estate opportunities.”
The company has its own society in EU, with a mix of veterans and newbies.
Right of passage
He added: “With Entropia Holdings, newcomers to the Universe can buy into a group of experienced citizens within the community who work together to ensure maximum profit potential with the investment funds received."
Land which is co-owned may not immediately generate virtual or real world income, but Appleton insists the real estate ownership is something which Entropians will eventually benefit from.
Over the long-term, he wants Entropia Holdings to become “a right of passage for newcomers to the Entropia Universe” .
In an interview with The AvaStar, Thomas Martin, found of rival business, Entropia Investment Fund (EiFund), expressed doubts about Appleton's project. He questioned whether a beginner in EU has a chance to survive in this business: “No manager of an investment fund can guarantee a success.”
