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High Tech News

Online Game Sells Pawnshop Licenses

Wednesday, May 09, 2007 4:07:38 PM
By PETER SVENSSON

NEW YORK (AP) - Online games give players roles like warriors, space explorers and wizards. Now, there's an exciting new profession: pawnbroker.

"Entropia Universe," a science-fiction game whose currency is convertible to real-world U.S. dollars at a fixed 10-1 ratio, said this week that five pawnshops will make real loans to people who turn in virtual items like laser rifles and bionic implant chips.

The pawnshop licenses sold for a total of $404,000, according to the Swedish company behind the game, MindArk PE AB, and the holders may be able to extend their services to function like banks, potentially boosting the game's economic vitality and sophistication.


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