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Financial world and Stock markets in Second Life

This is one of those "O My God!" moment.

I have no idea what prompted me, but early this morning had me thinking if there was a "Market like" affect in imaginary society. I might have been thinking of different civilisation/context. But I thought, it is easy to check up with ideas like Second Life.


And guess what, OMG! they have a full fledged stock market up and running in there, with real money traded, with Reuters too! O MY GOD! WOW! This couldn't get better.


I was stunned to realise that Reuters has a full fledged web-base for Second Life. Complete with Linden Dollar-USD charts and exchange rates! Check this:



Metaverse Stock Exchange in Second Life has 851 members and has seen 4076 trades and 659,781 shares traded (as of now). The equity trade commissions are in the range of 1% to 3%.


Cyberland the first publicly traded and virtually held company is traded with 1.2million outstanding shares, book value of Linden$7.79 and has a cool order book.




And Holy Cow, they sold Amsterdam for USD$50,000!!!


The Second Life has inflation, economic data, mergers and acquisition, subsidies, their own stock crashes and income tax too. And God knows what all more!


ABN Amro has opened a branch to service the virtual customers and Saxo Bank offers financial management services!


Its a stark realisation that such a community and activity exists in a imaginary world.


Seems like the Matrix evolution!!!



:) Falkor


PS: Dont know where to tag this - in economy or in fantasy!

Resource:

Reuters in Second Life

Cyberland Website, the first virtually held company of Second Life

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Comments

  1. Kaushik9 May 2007 at 12:49

    It is indeed mind-boggling. Although if you think about it, even in the "real" stock market, you are simply moving digits/numbers from one account to another as you trade. In that sense, whether you do it in your brokerage account or SecondLife account, it's all the same - AS LONG AS you can encash it whenever you need.

    At this rate, can you even imagine what things will be like say 10 or 20 years from now? Maybe we will be able to invest in people :)

    [galatime.com]

    ReplyDelete
  2. Falkor9 May 2007 at 14:02

    Even with present trading platform the objects are virtual.. but imagine a virtual object in a virtual world.

    Its a room full of mirrors.

    ReplyDelete

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