Over the past several years scholars have wrestled with how property rights in items created in virtual worlds should be conceptualized. Regardless of how the property is conceptualized and what property theory best fits, most agree the law ought to recognize virtual property as property and vest someone with those rights.
Tennessee Law Review
Ryan G. Vacca, Viewing Virtual Property Ownership Through the Lens of Innovation, 76 Tenn. L. Rev. 33 (2008).