Business in Virtual Worlds, Second Life

Second Life A World Away From Financial Chaos

Agence France-Presse is reporting that all is calm and the economy is going strong in Second Life. The wire story, which has been picked up on a number of sites reads in full:

” Paris - In contrast to the turmoil rattling global financial markets, it’s all smooth sailing in the virtual economy of Second Life, the California-based creators of the internet-based universe said on Wednesday.

“Despite the chaos in the world’s economies, lead indicators for the Second Life economy remain strong,” said John Zdanowski, financial director of Linden Lab, which set up Second Life in 2003.

“Second Life as a whole has been so far unaffected by the recent turmoil in real world markets,” he added in a written response to AFP.

The exchange rate of the Linden dollar to the US dollar had remained stable, he said, as had trading on the LindeX exchange.

The commercial online world, in which people are represented by animated avatars and can do everything from social activities to shopping, has attracted more than 10 million subscribers, though only five percent are considered active users. “

Whether the old Wells Fargo build from 2006 is still around well, I’ll have to check. Come to think of it, I’ll have to check if Wells Fargo ITSELF even exists anymore.

Image: Netbanker


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