Entropia Universe has been chosen by the Beijing Municipal People's Government supported online entertainment company Cyber Recreation Development to create a cash-based virtual economy for China.
David Liu, CEO of Cyber Recreation Development, says, "It is estimated that the project will generate some 10,000 qualified job opportunities in China. An important aspect for this project is also the positive effects on our environment that we foresee. People will actually be able to work from home inside Entropia Universe, as many people do today, even from rural areas, thereby decreasing the amount of pollution generated by travel. Entropia Universe's highly secure system and open-ended approach is suitable for a variety of exciting developments, from trade to cultural exchange, to environmental saving and historic preservation. All in all, Entropia Universe is absolutely the best choice on the market for us to achieve the set goals."
The landmark deal was reportedly negotiated for almost a year and will bring an outside virtual world into China for the very first time. Entropia Universe claims to have been chosen over several other proposals, including one by Second Life.
The new project will permit up to seven million concurrent users logged into the virtual universe with an overall aim to attract some 150 million users from all over the world. Entropia Universe, a three-dimensional universe on the Internet intended for entertainment, work, commerce, community building, culture, and much more, is expected to generate over US$1 billion annually in commerce from this partnership.
The technology introduced with this project will enable other companies within media, film, music and gaming industries, or other content providers, to acquire their own planet within Entropia Universe. In turn, this will provide a diverse, entertaining and interesting three-dimensional virtual universe of vast proportions for participants to explore. A number of the world's largest corporations within the aforementioned business sectors are currently in negotiations to purchase their own planet within Entropia Universe.
Entropia Universe says it is the only virtual gaming community that actively supports sales of virtual products with actual cash value within its real economy system. The economy offers the user a secure and safe way to make purchases, sales and exchange real-life currency into Project Entropia Dollars and back again into real money, at a fixed exchange rate to the US Dollar.