Second Lifer Anshe Chung (aka Ailin Graef) has become the world first "virtual millionaire" according to Fortune magazine. What is a virtual millionaire? Someone whose in-game assets are worth (or convertible to) over $1 million in real-life money. Who said video gaming wouldn't pay off? I mean beside every parent in the universe.

The Second Life real estate mogul is expected to give a press conference (in-game, of course *sigh*) tomorrow morning to announce the milestone, something Fortune's law blogger sees fit to report.

Why does he consider it a big deal? Oh, it's very dry stuff really, but there are legal issues to be weighed with virtual real estate, taxing of said e-property, and the legal ramifications of Linden Labs' responsibility should Second Life citizens see their in-game assets destroyed. I find it significant as it's the first Second Life story not involving furry sexplay to pique my interest.

Thanks for the tip, Jordan. Michael McWhertor

Anshe Chung: First Virtual Millionaire

Contact information for this author is not available.