Second Life Virtual Property Boom

The Guardian Gamesblog has an interview with Philip Rosedale, Second Life's CEO and Founder. In the wake of last week's virtual property slaying, they discuss the realities of owning something intangible. From the article: "We launched Second Life without out of world trade and after a few months we looked at it and thought, 'We're not doing this right, we're doing this wrong.' We started selling land free and clear, and we sold the title, and we made it extremely clear that we were not the owner of the virtual property. USD$.4m a month is traded directly to world markets in Linden Bucks on Gaming Open Market. That's USD$.4m redeemed, or Linden Bucks turned into US dollars. In May 2005, the total amount traded in-world was USD$1.47 million. There were 1.3 million transactions between 19,500 unique users."

Comments

take your 'magick healing powder' and walk

[abandonment]

yikes you sound like a born again christian trying to push jesus onto the heathens of the world.

scam or not, having that much enthusiasm over something that doesn't exist and you don't really have any ownership over is scary.

might want to unplug and go see what a failure your 'first life' is becoming as a result...