Virtual Worlds in China - Entropia Throws Its Hat in the Ring

Filed in archive Venture Capital by Greg Cruey on June 5, 2007

Virtual Worlds... Life Inside the Computer Screen?

We talked just a few days ago about HiPiHi getting a chunk of venture capital funds to start a virtual world similar to Second Life in China. And we discussed whether they could beat out Shanda and Frenzoo to be the leading virtual reality game site in China. Now Swedish software maker MindArk, creator of Entropia Universe, has thrown its hat into the ring.

Mindark has entered into a partnership with the city of Beijing's Cyber Recreation Development Corp. (CRD) to create a virtual world for the Chinese audience. Mark Wallace looks at some of the details of the deal in his blog on Merverse and the 3D Web.

Entropia differs from Second Life in a couple of ways. First, it doesn't completely leave the multiplayer online role-playing games (or MMORPGs) genre that has usually involved fantasy based sword-and-sorcery games. Second, it involves a Real Cash Economy (RCE) in its virtual world so that players can earn money in the game and convert that money into real world currency. The CRD hopes to create just such a real cash economy game for China with the help of MindArk.

Related Entries:

See You in the Virtual World - 08 May 2007
HiPiHi Gets VC Funds, but Can They Beat Shanda? - 29 May 2007
CScout Interviews HiPiHi Founder Hui Xu - 31 July 2007
Sex, China, and Virtual Worlds - 11 August 2007
Will Virtual Worlds Be Censored in China? - 18 January 2008

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Rating: 8.00 out of 6 vote(s) cast.

Response from: Calvin (08/13/07 8:31am)

Could Entropia actually managed Real Cash in China ? This is to be seen as even QQ had problems with the authorities on the Q-B. China will present a very hard competitive market as suddenly there are so many players in the system.

http://DragonCalvin.blogspot.com

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