Grave Yards

Grave yards are currently Blinkcrafts 'respawn area'. When a player is killed or slain by a monster instead of going directly to spawn the player will spawn near the closest graveyard to that area. This effectively eliminates spawn camping. Although there is some speculation about whether or not this diffuses PvP or not and the idea is still currently in Beta.

Tomb-Stones
The tomb-stones that are found at the graveyards have the names of people who have purchased a tomb-stone. Right under there name they get to chose what they want to pick for a caption (See below for an example). Tomb-Stones do not go towards your total donated amount. They are just for show if you want to help the server out :D. Information is unavailable as to whether or not tombstones will hold items.

EX: R.I.P

Blinkshot

Died from too many questions

Tomb-Stones can contain any of the following:
 * Bones (%100)
 * Cobwebs
 * Golden Ingots
 * Golden Blocks
 * Golden Nuggets
 * Diamonds
 * Emeralds
 * Enchanting Books
 * Diamond Swords
 * Diamond Picks
 * Enchanted Tools
 * Enchanted Armor/Weapons
 * Zombie Heads
 * Skeleton Heads
 * Wither Heads
 * Villager Spawn Eggs
 * Bat Spawn Eggs
 * Blaze Rods
 * Ghast Tears
 * Ender Pearls
 * Slime Balls
 * Carrot On A Stick
 * Music Disks

Tomb-Stones V6 (1.6)
Tomb-Stones back in version 6 (1.6) actually contained random items inside them and a story book. If all Tomb-Stones were purchased and if the books were placed together they completed the lore series of "The Lightbringer". Only about half of all the tombstones in the server had been purchased and only half of the story was recovered.

UPDATE V8: In the mob arena "The Obsidian Mansion" one of the tombstones contains an R.I.P The Lightbringer. For anyone that was really interested in The Lightbringer lore series might find it a little easter egg :P. Under the R.I.P there is a quote saying "May light shine your path my friend".