The World’s 1st Second Life Millionaire

December 1, 2006

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I don’t know if a lot of you are familiar with Second Life, but Second Life is a 3-D virtual world that is built and owned by its residents. You can maybe call it a more complex version of The Sims. Since opening to the public in 2003, it has grown explosively and is today inhabited by a total of 1,717,506 people worldwide. Players are able to invest real money for Linden dollars which allows participants to buy additional tools, land and objects within the virtual world. Conversely, players can also redeem their Linden dollars for U.S. dollars whenever they wish. The stuff you can create in this game is only limited to your imagination. Well, an article that caught my attention today wrote about how Anshe Chung, a real-estate tycoon in the online game Second Life, has enough assets in Linden dollars that allows her to fully convert her holdings in the game for $1 million in real US currency. That’s right, $1 million!! Wow, that’s pretty crazy if you ask me, being able to make a million just from a virtual game world. This will pretty much garner interest from not only your typical nerd but plenty of individuals looking to make a quick buck. I can’t wait for all the opportunities (and legal issues for virtual assets) that Second Life will bring in the future. I’ve heard of companies like adidas even advertising via Second Life. Definately keep an eye out for this, because this looks like something that has the potential to blow up big.

-phil

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