eBay Shuts Down Virtual Auctions

Posted by admin in Gaming, Internet, Te... | 01.30.2007 - 6:37 am

The famous auction site eBay is banning the sales of virtual goods. The decision applies on characters, currency, weapons, attire and accounts of online games such as World of Warcraft, City of Heroes and others.

The decision to pull these items was due to the ‘legal complexities’ of listing virtual property.

The company has been removing offending auctions for just over a month and if the seller tries on multiple attempts to sell virtual goods, their eBay accounts are being removed.

The company says it will specifically exempt Second Life from that policy because they are unable to decide whether Second Life should be regarded as a game.

The decision to exempt second life can be connected with the fact that, the eBay founder Pierre Omidyar is an investor in Second Life owner Linden Labs . Also Second Life has some elaborate intellectual property rights policies in place.

[via CNET]

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