Player pays $330,000 for virtual space station

If you ever thought that $60 was a lot of money to spend on a video game, then forget about that brand new virtual space station.

The winner of an auction for the Crystal Palace Space Station just dropped US$330,000 for his virtual piece of heaven.

Planet Calypso, created by First Planet Company, is a Massively Multiplayer Online Role Playing Game (MMORPG) where players pay for goods and services with real cash. The game world employs a currency called Project Entropia Dollars (PED) that has a fixed exchange rate with the US dollar. Every $10 PED are equal to US$1 so every transaction has actual real-world value.