A 22-year-old gamer has made gaming history, by paying out $26,500 (£13,700) on an island that exists only in a computer role-playing game (RPG). The Australian gamer, called Deathifier, bought an island that exists in the game Project Entropia, a MMORPG (massively multi-player online role-playing game) that allows thousands of players to interact with each other, and supports players buying and selling virtual items for real cash.

"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." - Marco Behrmann, director of community relations at Mindark, the game's developer.

Deathifier's island includes a gigantic abandoned castle and beautiful beaches. Sound nice, but what is really in it for Deathifier? Well, he will be able to make money from his investment as he is able to tax other gamers who come to his virtual land. Many will do so in pursuit of gold. He can also sell plots of land on his island.