Published Date: September 23, 2006

 

This concept just grabbed me when I stumbled on this post last night after work. I did some more research and found Techweb’s article “The Virtual World Goes on Sale Tuesday.” It sure seems a bit risky, but the potential for a large pay-off is there in my opinion. Basically, Weblo is SecondLife– but with real property. In the weblo world, you can buy states, internet domains names (all non-trademarked domains are up for grabs all over again), become the manager for a celebrity, buy properties for roughly $2, and become the mayor or governor. The thing Weblo has on secondlife is that the common person won’t have trouble grasping what they are buying because, since everything is based on real world items, they have heard of everything in the Weblo world.

Will some entrepreneuers jump head over heals into the fire early on waiting for the pay-off later? I would guess so. I’ll probably buy a couple things and see how it goes. The virtual land grab starts at 12 pm ET on the 25th (if you are pre-registered) when they wipe their databases clean. Are you going to get in on the action? Rumors are $25,000 has been sent in to buy Ottawa and there is a waiting list to buy New York.