Archive for 'Virtual Business, Finance and Economics'
SL Land Heist! XLS Operatives wipe out Space Monkey Corporation
XLS Officers Sweet, Cyanide, and Xaphon Just a few days ago we reported a tale of betrayal on EVE online in which a corporation was infiltrated and its property (valued at about 16K US) was stolen. Just yesterday a similar heist went down in Second Life, when the Space Monkeys had 8K square meters of [...]
Full StoryLindens Seize Land in Internal GIGAS Dipute
photo by Hiro Pendragon by Prokofy Neva Browsers of www.secondlife.com today were startled to see a lone, furry protester bearing a sign in the Dore Welcome Area populated by newbies, greeters, and Lindens. Coming in world, a reporter found Hank Ramos, an SL resident since November 2003, sporting the title “protester” and carrying a sign, [...]
Full StorySheeeeit! 1.8 billion for online game development in China.
Terra Nova and several other sources are reporting on a story in the Shanghi Youth Daily the Chinese government is about to invest $1.8 billion in on-line game development. I’m not sure what kinds of virtual worlds those efforts will yield, but if the result are some robust online worlds, and we turn Anshe loose [...]
Full StoryIs the MMORPG Currency Crash of ’05 Upon Us?
Image source: WOW Gold Price Research According to new (?) virtual economy site Game Money Price Research, the virtual sky may just be falling. GMPR has an alarming set of charts up tracking the dive of almost all major MMORPG currencies against the U.S. dollar in the first half of this year. While GMPR’s methodology [...]
Full StoryGods and H4x0rs: SL Exploit Aims at Virtual Businesses
In what was probably the first effort aimed at SL’s vibrant business community, a Second Life client was hacked earlier this week to allow ‘god’ mode–in which a user may access copy-only scripts and make account balance adjustments, etc., that are usually available only to Linden Liaisons. Linden Lab moved quickly to patch out the [...]
Full StoryMainland Sim Sells for $1800 in LL Auction
Auction winner Philo Hatfield by Prokofy Neva Following through on promised land auction price changes announced by CEO Philip Linden last month, Linden Lab has auctioned its first whole mainland sim today for a staggering US $1800 for 63,728 m2. Lida, a wooded hilly mature sim in the new continent located next to the Allena [...]
Full StoryRevenge of the FIBB, or a Promise Fulfilled?
by Walker Spaight A Linden-sponsored public meeting will be held this afternoon at 3pm game-time to discuss “how to resolve transactional disputes in a fair manner as well as the possibility of an in-world ‘Better Business Bureau’.” But more than one major SL landowner is concerned that the purported FIC may hijack any such body, [...]
Full StoryWho is that guy?
This guy Mark Wallace is all over the NY Times, these days, most recently giving a story about big time earners and real estate moguls in Second Life. The article is The Game Is Virtual. The Profit Is Real, and our friend Anshe and other big earners in SL figure in a major way. Again, [...]
Full StoryOff the Grid with Walker Spaight: Making the Virtual Market
Fed chairman Alan Greenspan ponders the Linden-dollar exchange rate With Linden Lab still considering hiring a virtual Alan Greenspan to manage Second Life‘s economy (as Philip mentioned in a Town hall meeting some time ago), we got to thinking: If game companies hate the trade in virtual items and currency so much, instead of trying [...]
Full Story‘R.I.P Ryan Dayton’ – Teenage ‘Air’ Profits (Part 2/2)
By Neal Stewart [Continued from Part I] Here is Part 2 of our interview with Ryan Dayton – the tech-savvy 14-year-old who claims to have made about $1000 US dollars in the 12 months he has been a Second Life resident. Ryan was banned 11 days ago when his mother revealed his real life age [...]
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