Found this interesting article on Slashdot yesterday. To summarize for non-nerds: a giant alliance of players in this MMORPG was infiltrated (or attacked from within by a defector) which caused the complete destruction of the whole alliance. This basically dissolved the group and made all the items they owned fair game for the rest of the player population to loot and pillage.
Besides the fact that this is pretty funny (I’m in support of most goon stuff that happens), I was wondering about the legal implications. Obviously players spent a great deal of time amassing this virtual wealth, which does have a real world equivalent as seen on eBay and a bunch of different sites that sell virtual goods for cash. Of course, there’s the issue that technically everything you do in the game belongs to the developers, and the Terms of Use state that you can’t sell anything. There’s quite a few conflicts of law that would be interesting.