Abstract
In this article, we give necessary and sufficient conditions under which the Leavitt path algebra $$L_K(\mathcal {G})$$ of an ultragraph $$\mathcal {G}$$ over a field K is purely infinite simple and that it is von Neumann regular. Consequently, we obtain that every graded simple ultragraph Leavitt path algebra is either a locally matricial algebra, or a full matrix ring over $$K[x, x^{-1}]$$ , or a purely infinite simple algebra.
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