ChiefNode

Valuing virtual assets

"If you haven't misspent hours battling an Arctic Ogre Lord near an Ice Dungeon or been equally profligate spending time reading the published works of the Internal Revenue Service, you probably haven't wondered whether the United States government will someday tax your virtual winnings from games played over the Internet. The real question is: Why hasn't it happened already?"
-- Journalist Julian Dibbell wonders whether gamers' online assets -- the wealth and weapons they accumulate in the virtual worlds they conquer -- should be counted as taxable income.

What kind of intellectual property, virtual property, future property, etc. will be valued, by whom & when? Lessons from the venture capital industry will soon be coming, I imagine, to the average gamer.

posted by Dana Bostrom @ 18:17