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News: Estate Deeds Acquired in Record Time

Bertha Bot

Bertha Bot

Entropia News Fetcher
Joined
Jul 26, 2006
Posts
3,315

Estate Deeds Acquired in Record Time​


Twenty-two minutes. That’s how long it took for all 800,000 deeds of New Treasure Island to be snapped up by eager Entropia Universe participants. The fortunate deed holders will now share in the revenue generated by activity on New Treasure Island, one of the most popular hunting destinations within the vast metaverse of Entropia Universe.



New Treasure Island deeds were first listed on the Entropia Exchange on December 1, 2021 at 11:00 UTC, at a price of 10 PED (1 USD) per deed. Within just over twenty minutes, the record-breaking deed offering was fully subscribed.



Compare this to the Crystal Palace Space Station offering of 500,000 deeds in 2019, which took nearly 48 hours to complete. This makes New Treasure Island not only the largest, but also the fastest metaverse estate offering in history.



Such estate offerings and entrepreneurial opportunities available in Entropia Universe underline the robust nature of the unique virtual economy, the cornerstone of what makes it the world's first and longest-running metaverse.

Originally Posted Here
 
Smart. Just get some actual mainstream news sites that is involved with crypto investors etc to bite on this news to spread the word. I mean I rarely even read the Entropia bulletin and I'm a longtime player lol.
 
Bertha Bot said:

Estate Deeds Acquired in Record Time​


Twenty-two minutes. That’s how long it took for all 800,000 deeds of New Treasure Island to be snapped up by eager Entropia Universe participants. The fortunate deed holders will now share in the revenue generated by activity on New Treasure Island, one of the most popular hunting destinations within the vast metaverse of Entropia Universe.



New Treasure Island deeds were first listed on the Entropia Exchange on December 1, 2021 at 11:00 UTC, at a price of 10 PED (1 USD) per deed. Within just over twenty minutes, the record-breaking deed offering was fully subscribed.



Compare this to the Crystal Palace Space Station offering of 500,000 deeds in 2019, which took nearly 48 hours to complete. This makes New Treasure Island not only the largest, but also the fastest metaverse estate offering in history.



Such estate offerings and entrepreneurial opportunities available in Entropia Universe underline the robust nature of the unique virtual economy, the cornerstone of what makes it the world's first and longest-running metaverse.

Originally Posted Here
Click to expand...

Gratz MA.

Now that you are reassured about the "robust nature of the unique virtual economy", maybe next time you can make sure that more people have a chance to get shares ?..
By selling them over a longer period of time for example.. :)
 
Great sale.

I loved that we all knew exactly when they went on sale, with a few weeks notice. That gave all of us the same chance of aquiring some!


Cheers, Mindark!

In the end I might have bought a few more than I first intended, but.. It was then or never, hehe.

Keep up the good work =)
 
I'm not sure that Entropia can be considered a metaverse... I believe it has to be decentralized in order to qualify, which EU obviously isn't.

But, I would love to see MA doing work to make sure that people in other metaverses can port into EU somehow and come pew-pew with us, I think that would be really awesome!
 
I'm a bit afraid, ever since I listened to some youtube video from StevieB (or whatever his name is).
He has a point that this is security trading by definition. Doesn't matter if it is virtual currency or not.

Please, if you like the game to be around, make not too much fuzz about this. If the SEC starts to investigate this, the game might be closed down.
 
TheAlchemist said:
I'm a bit afraid, ever since I listened to some youtube video from StevieB (or whatever his name is).
He has a point that this is security trading by definition. Doesn't matter if it is virtual currency or not.

Please, if you like the game to be around, make not too much fuzz about this. If the SEC starts to investigate this, the game might be closed down.
Click to expand...

How exactly will SEC close it in other parts of the world?
 
TheAlchemist said:
I'm a bit afraid, ever since I listened to some youtube video from StevieB (or whatever his name is).
He has a point that this is security trading by definition. Doesn't matter if it is virtual currency or not.

Please, if you like the game to be around, make not too much fuzz about this. If the SEC starts to investigate this, the game might be closed down.
Click to expand...
Does the SEC really have the ability to shut something down that isn't in the USA?
 
True Juan said:
How exactly will SEC close it in other parts of the world?
Click to expand...
Because they apparently have authority in most western countries. If you thought the IRS was scary. If one American bought one NTI share they have authority...
forkast.news

The SEC as World Police: What the World Should Know about the SEC’s Jurisdiction

Initial coin offerings (ICOs), initial exchange offerings (IEOs), and security token offerings (STOs) are a worldwide phenomenon. After all, a coin or token
forkast.news forkast.news
 
@TheAlchemist

That guy has no idea of what he's talking about and I'm surprised so many people give him any credibility at all. Everything in the game is property of MindArk and/or the Planet Partners. Players own nothing, nothing is yours and nothing is mine so there's no security trading at all because there's no legal change of ownership.

Here, I'll bold the relevant part of the EULA for you:
Virtual items are fictional in-world graphical objects with a predefined set of parameters in Entropia Universe and will often have names similar or identical to corresponding physical categories such as "people", "real estate", "possessions”, “currency”, “cloths” and the names of specific items in those categories such as "house", "rifle", "tools", "armour", “coat”, “money” etc. (“Virtual Items”). Despite the similarity in terminology, all Virtual Items, including virtual currency, are part of the Entropia Universe System and/or features of the Entropia Universe, and MindArk and/or respective MindArk’s Planet Partner(s) retains all rights, title, and interest in all parts including, but not limited to Avatars, Skills and Virtual Items. These retained rights include, without limitation, patent, copyright, trademark, trade secret and other proprietary rights throughout the world. Notwithstanding any other language or context to the contrary, as used in this agreement and/or in the Entropia Universe in the context of Virtual Items, You expressly acknowledge that all terms like “exchange of”, “trade with”, “purchase of”, “sale of” or “use of” Virtual Items, and all similar terms in context of transactions with Virtual Items, refers to the licensed right to use a certain feature of the Entropia Universe or the Entropia Universe System in accordance with the terms and conditions of this agreement.
Click to expand...

MindArk is not in trouble and the game isn't either. I've been reading about the death of EU since like 2005.

You have nothing to worry about.

PS: Obligatory I'm not a lawyer disclaimer.
 
Last edited:
Angel O2 Mercer said:
@TheAlchemist

That guy has no idea of what he's talking about and I'm surprised so many people give him any credibility at all. Everything in the game is property of MindArk and/or the Planet Partners. Players own nothing, nothing is yours and nothing is mine so there's no security trading at all because there's no legal change of ownership.

Here, I'll bold the relevant part of the EULA for you:


MindArk is not in trouble and the game isn't either. I've been reading about the death of EU since like 2005.

You have nothing to worry about.

PS: Obligatory I'm not a lawyer disclaimer.
Click to expand...

The problem with that disclaimer (which is only signed by participants and has no legal value beyond the players) is that despite this PayPal already categorized PED as a virtual currency and as such Entropia is a virtual universe with a virtual currency system.
SEC does have jurisdiction because of the public nature of the game.

Anyway, EU operates in some gray zone thanks to its relative lack of publicity. If this article makes headlines in pc magazine or something, people might start asking questions. Especially now the general population is getting prepped for virtual universes like Metaverse.

IMHO, let's keep this somewhat quit for the sake of the game.
 
TheAlchemist said:
The problem with that disclaimer (which is only signed by participants and has no legal value beyond the players) is that despite this PayPal already categorized PED as a virtual currency and as such Entropia is a virtual universe with a virtual currency system.
SEC does have jurisdiction because of the public nature of the game.

Anyway, EU operates in some gray zone thanks to its relative lack of publicity. If this article makes headlines in pc magazine or something, people might start asking questions. Especially now the general population is getting prepped for virtual universes like Metaverse.

IMHO, let's keep this somewhat quit for the sake of the game.
Click to expand...
Are you saying EU will get shut down if it gets well known?

What? Thats what it sounds like from your posts.
 
LangeTobias said:
Are you saying EU will get shut down if it gets well known?

What? Thats what it sounds like from your posts.
Click to expand...

I'm afraid of it, yes.
That is my biggest fear concerning Entropia. Not that it will go broke, but that it will disappear one day due to breaking the law.
 
TheAlchemist said:
The problem with that disclaimer (which is only signed by participants and has no legal value beyond the players) is that despite this PayPal already categorized PED as a virtual currency and as such Entropia is a virtual universe with a virtual currency system.
SEC does have jurisdiction because of the public nature of the game.

Anyway, EU operates in some gray zone thanks to its relative lack of publicity. If this article makes headlines in pc magazine or something, people might start asking questions. Especially now the general population is getting prepped for virtual universes like Metaverse.

IMHO, let's keep this somewhat quit for the sake of the game.
Click to expand...

At what point does it get known? It's been running for well over 15 years. It's been in Guinness's book of records more than once. There have been many articles about it, been on the news plenty of times. Has had a number of big names sponsored over the years. It's not hard to find about this game these days.
 
Bertha Bot said:
Such estate offerings and entrepreneurial opportunities available in Entropia Universe underline the robust nature of the unique virtual economy, the cornerstone of what makes it the world's first and longest-running metaverse.

Originally Posted Here
Click to expand...

I'd love to hear the previous owner, Deathifier, opinion on the sudden change of ownership and entrepreneurial opportunity.
 
True Juan said:
Cmon man, some of us have been hearing same kind of stuff for 20 years now. :) Were still here...
Click to expand...

You prolly right. I don't know why this spooked me.
I heard all the doom scenarios before (I made my first ava in 2006) and they don't bother me.
This one resonated. Maybe because of the state of the world in general at the moment.
 
Angel O2 Mercer said:
@TheAlchemist

MindArk is not in trouble and the game isn't either. I've been reading about the death of EU since like 2005.

You have nothing to worry about.

PS: Obligatory I'm not a lawyer disclaimer.
Click to expand...

I don't know about specificity of US Laws but i assure you that in most western countries the TOU does not give much protection in and by itself. The TOU itself becomes subject of scrutiny and if your marketing and everything else does not pertain to the same and if it is not justified , it gets pretty much thrown out of court. So your interjection on that particular point does not hold much salt.

TheAlchemist said:
I'm afraid of it, yes.
That is my biggest fear concerning Entropia. Not that it will go broke, but that it will disappear one day due to breaking the law.
Click to expand...

Actually, on the contrary to what you have said SEC can ban EU but only in US and not across the globe. Something similar happened to online casinos operated outside the US back in the days. The fear in your case would be of EU going broke as there would litigation to face which would make the company go bankrupt and not really disappear as you put it. Also imagine all current americans in EU selling all their holdings and making a withdrawal. Would not make for a happy picture.

I have nothing further of value to add to this conversation so will take your leave.
 
Divinity said:
Actually, on the contrary to what you have said SEC can ban EU but only in US and not across the globe. Something similar happened to online casinos operated outside the US back in the days. The fear in your case would be of EU going broke as there would litigation to face which would make the company go bankrupt and not really disappear as you put it. Also imagine all current americans in EU selling all their holdings and making a withdrawal. Would not make for a happy picture.
Click to expand...
Wait, I live in the US atm.
Don't give me another reason to move back to Europe :D
 
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