Virtual Properties

David Kaplan:

Weblo, a virtual world that has the aspects of Monopoly, has raised $3.3 million in second round funding from VantagePoint Venture Partners, VentureBeat reported. The site lets users buy virtual domain names for real places (e.g., “LosAngeles.com") with actual money. These users can then appoint themselves mayor of the virtual city and then sell off properties there to actual bidders.