Virtual world, serious money.

Two years ago, virtual gamer Jon "NEVERDIE" Jacobs spent $100,000 for a chunk of real estate that was in outer space and didn't really exist.

That's OK -- his investment worked out nicely: He'd purchased a virtual space station in the online game "Project Entropia" that he converted into a wildly successful nightclub and resort.

In this asap video, PETER SVENSSON speaks with the entrepreneur who's parlayed that success into one of the first real-money banking ventures to exist exclusively in the virtual world.

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See the video here.

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asap contributor Peter Svensson is an AP business writer.

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