Massive EVE Online war destroys over $300,000 worth of virtual goods

EVE eve-online-battleOnline has seen some epic events in its 10-year history, but nothing quite like this.

A huge battle took place in CCP’s massively-multiplayer online space game Monday night, resulting in damages estimated at 11 trillion ISK (Interstellar Kredits, EVE’s in-game currency), according to a CCP representative. Because of the unique nature of EVE’s economy, however, those in-game losses carry a real-world value of up to $331,000. That figure could go even higher, as the developer says it’s still crunching numbers on the battle.

Read more at Yahoo! Games

World of Warcraft subscriptions take a tumble

Azeroth is a lot emptier these days.

World of Warcraft saw more than 1 million people cancel their subscriptions over the past three months, the game’s publisher revealed in its quarterly earnings statement. That’s one of the most dramatic drops in the game’s long history.

Read more at Yahoo! Games

Kim Jong-il, MMOs and the North Korean budget: A love story

It’s hardly a secret that North Korean leader Kim Jong-il is a big fan of the entertainment industry, but who would have thought he was using parts of it to fund his government?

Police in South Korea have arrested a group of hackers accused of heading a team that attempted to set up a series of unmanned computers to play massively multiplayer games like “Lineage” and Samsung-owned “Dungeon and Fighter” nonstop. The goal? Gathering in-game points that are convertible to cash.

Read more at Variety’s Technotainment blog