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SECOND LIFE, Jan 8 (Reuters) – Linden Lab said on Tuesday it is banning Second Life banks that promise interest or other investment returns, citing resident complaints and risks to the virtual world’s economy. The new policy contains an exemption for banks that are certified as real-world financial institutions. Read the rest of this entry »
The bad news keeps coming for Second Life. Linden Lab, the company that develops and operates the virtual world, released October and November economic stats yesterday, which show that total user hours in-world actually declined in November, for the second-ever time in Second Life history. The total number of user hours spent in-world declined 5% in November. On its company blog Linden Lab attributed the decline to unplanned service outages. There are other possible mitigating factors as well: November is a short month, with a four-day holiday weekend in it (although that last factor is offset by the fact that the holiday is celebrated only in the United States, which accounts for less than half of Second Life user base). Read the rest of this entry »
