Teacher makes a million in Second Life

Teacher makes a million in Second Life A Chinese teacher has become the first real-life millionaire to make her fortune from virtual business in an online world, a report says. Ailin Graef, known to residents of online community Second Life as Anshe Chung, turned her original investment of $9.95 in virtual real estate into more than $1 million, the Sydney Morning Herald reported Tuesday. Graef, who spun her online business into a Wuhan, China, based real-world enterprise called Anshe Chung Studios, made her fortune buying and selling plots of virtual land -- comprised of 3D simulations hosted on 550 networked computers -- that participants in the virtual environment shell out between $100 and $1,000 to own. Much like real-world property developers, Graef uses her Anshe Chung avatar to buy large blocks of virtual land and then improves and subdivides the plots that she then resells or rents. United Press International - 5 minutes ago Ailin Graef, known to residents of online community Second Life as Anshe Chung, turned her original investment of $9.95 in virtual real estate into more than ...

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