A 22-year-old gamer has spent $26,500 (£13,700) on an island that exists only in a computer role-playing game (RPG).
The Australian gamer, known only by his gaming moniker Deathifier, bought the island in an online auction.
The land exists within the game Project Entropia, an RPG which allows thousands of players to interact with each other.
Entropia allows gamers to buy and sell virtual items using real cash, while fans of other titles often use auction site eBay to sell their virtual wares.
Earlier this year economists calculated that these massively multi-player online role-playing games (MMORPGs) have a gross economic impact equivalent to the GDP of the African nation of Namibia.
"This is a historic moment in gaming history, and this sale only goes to prove that massive multi-player online gaming has reached a new plateau," said Marco Behrmann,
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