There Inc. Stops Consumer 'Virtual World' Updates

Posted by simoniker on Saturday May 22, 2004 @11:16AM from the just-about-still-there dept.

Thanks to Terra Nova for its story discussing a major refocusing at PC 'virtual world' company There Inc., as an official statement mirrored on ThereUniverse.com explains the company is "changing its strategic direction to focus on our technology platform", and "we will no longer be making regular updates to the [There 'virtual world' consumer] software, and we will not be fixing bugs", some claim due to plateauing interest in the game. Terra Nova points out: "Presumably There will be continuing their work with organizations like the US Army. Though they make it clear that this isn't a shut-down of the consumer world, it can't be good news for the development of virtual worlds beyond the typical D&D-inspired MMOGs", a category which also includes PC 'virtual world' title Second Life.

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And the price of therebucks plummeted by V_M_Smith · 2004-05-22 17:00 · Score: 4, Informative

as people madly tried to sell off their accumulated wealth.

The results are here. Keep in mind that the nominal prices of tbux are $1.12/2000 (from There.com) and $1/2000 (from tbux.com, another large reseller).