The hyperspace bags are basically item containers (up to 10 different items, unlimited quantities for each item).
They are permanent, and will last forever, hidden in the hyperspace, until someone retrives them using a special item.
Their purpose is to hide some stuff, like some potions, ore, etc. for later use.
They are not really safe, because someone can get your bag if he or she knows where it is. So the players are encouraged not to put really valuble stuff in there.
They are also very useful for contests, we can put some prize in a hyperspace bag, then give the players clues about the location.
So far, we are testing this feature on the test server, I want to make sure it works right before putting it on the main server. We don't want exploits or anything.