« Title Insurers Paid Thousands for Lavish Gifts for Referrals | Main | U.S. Home Prices May Fall But Drops Will be Mild »

The Big Business of Second Life

PaidContent:

Second Life operator Linden Labs is doing very nicely, thank you very much, earning most of its revenues from land rentals: rates are $20 per acre and $195 per month. Land mass is growing at 8 percent a month and currently stands at 60,000 acres, and brands account for five percent of real estate sales. Linden Labs doesn’t release revenues figures but Second Life’s parallel economy is estimated to be worth around $500,000 each day and to be growing by 15 percent monthly. A Congressional committee is investigating whether virtual assets and incomes should be taxed.

About

This page contains a single entry from the blog posted on October 19, 2006 9:47 PM.

The previous post in this blog was Title Insurers Paid Thousands for Lavish Gifts for Referrals.

The next post in this blog is U.S. Home Prices May Fall But Drops Will be Mild.

Many more can be found on the main index page or by looking through the archives.