Email a copy of 'OMC spending up, users down in 2012' to a friend
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Hypergrid Business
Covering virtual reality, immersive worlds, and other emerging technologies
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what else could this mean?
are people using other currency, like real money? or is the selection of freebies reducing the need to but things? or are more people making their own things? a combination of all of these?
what about grids like Kitely and InWorldz with their own currency – are more people calling those home?
Yes, judging by the traffic numbers, commercial grids like InWorldz, and others with their own currency are seeing growth. However, these worlds do not release economy numbers, so I don’t know if the number of transactions is up.
It would be great if the commercial grids started to release the kind of that Virwox does, and Second Life used to do — it would be great for merchants, for example, deciding which grids to focus their attention on.
PayPal and freebies (like Linda Kellie, OpenSim Creations, your site) also reduce a little bit the need for OSC transactions.
I feel that the OMC is still a fluctuating currency that will take some time and influence to overtake the value that the L$ has. There are too many well-to-do “Linden-ares”, established businesses, and numerous currency exchanges that simply don’t see the need to trade in L$ for OMC.