Entropia Universe is a massively multiplayer online virtual universe designed by the Swedish software company MindArk, based in Gothenburg. Entropia uses a micropayment business model, in which players may buy in-game currency (PED - Project Entropia Dollars) with real money that can be redeemed back into U.S. dollar at a fixed exchange rate of 10:1. This means that virtual items acquired within Entropia Universe have a real cash value, and a participant may, at any time, initiate a withdrawal of their accumulated PEDs back into U.S. dollars according to the fixed exchange rate, minus transaction fees; the minimum amount for a withdrawal is 1000 PED.
Entropia Universe is a direct continuation of Project Entropia. Entropia Universe entered the Guinness World Records Book in both 2004 and 2008 for the most expensive virtual world objects ever sold. In 2009 a virtual space station, a popular destination, sold for $330,000. This was then eclipsed in November 2010 when Jon Jacobs sold a virtual resort on Planet Calypso for $635,000; this property was sold in chunks, with the largest sold for $335,000.
Perseus Society was started by 'Robin Solaris Hat' around the year 2005, our Founder. It was originally called "Noob Academy", as a Society helping newbies to the game. About a year later, we renamed it to Perseus Society, which has been name since.
Perseus Society consists of players from all parts of the world dealing with all the various in game professions. We have Hunters, Miners, Crafters. We also have newbies till veterans in the Society.
Our Society's player base is in all the Planets in Entropia Universe.