Entropia Universe Receives $2.5 Million Dollars From One Investor in Planet Calypso Citizenship System
GOTHENBURG, Sweden, April 4, 2012 /PRNewswire/ -- MindArk, developer and publisher of the largest real money MMO, announced today that an investor acquired $2.5 Million Dollars (25 Million Project Entropia Dollars, PED) worth of land lot deeds on Planet Calypso. The land deeds, bought through the Citizenship system, allow revenue sharing to participants. Since the release of the Citizenship system in November almost all of the initial offerings of 60 thousand deeds have been acquired by participants with an annual ROI of approximately 27%.
When a player procures land deeds they are granted certain privileges, these include receiving a share in the Planet Partner gross revenue of Calypso, paid weekly. This means that those in the Citizenship system are directly profit sharing from the game itself. The land deeds are auctioned at a base price of $100 per deed and have mostly gone out one-by-one. However large monetary transactions are nothing new in Planet Calypso with one player paying $330,000 for a Virtual Space Station in 2010 which, at the time, set a world record.
The Citizenship System allows users to participate directly in the Entropia Universe's future. Planet Calypso is the oldest of the planets in the Entropia Universe, with over one million registered accounts and over $400 million USD per year in user-to-user transactions. Under the newly implemented Citizenship System, just about anyone can share a piece of an entire virtual world, as investment is open to anyone who creates an avatar and has the desire. For more information on MindArk or the Citizenship System please visit www.entropiauniverse.com.
MindArk is the developer of the virtual 3D environment Entropia Universe. It is the leading platform for micro transaction driven 3D virtual worlds and MMO games. The Swedish company MindArk, develops, operates and markets Entropia Universe and the Entropia Platform. Entropia Universe is a 3D internet virtual environment with a unique, integrated economic system and stunning graphics. The Entropia Platform is a secure entertainment and business platform, enabling companies and organizations all over the world to build content on differently themed planets all connected inside Entropia Universe
The statements contained in this release that are not historical facts are forward-looking statements. The Company cautions readers of this press release that a number of important factors could cause MindArk's actual future results to differ materially from those expressed in any such forward-looking statements. MindArk and the MindArk logo are registered trademarks of MindArk. All other company names mentioned herein may be trademarks of their respective owners.
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