Gloebit purchases now live on Mobius grid

The Gloebit multi-grid virtual currency is now out of beta and can be used for shopping. Users who previously had a beta account will need to sign up again for the live version.

You can sign up here, with either an email address and password or by connecting an existing social media account.

I decided to use my Google account.


Gloebit signin page

After I created the account, I was taken to the Gloebit dashboard screen.

Gloebit dashboard

There, I had the option to buy some Gloebits — this time, with real money.

Gloebit - purchase page

The Gloebit rate is between 200 Gloebits and $230 Gloebits to US $1, depending on how many you buy at once. I decided to buy 2,150 Gloebits for $9.99, and paid with PayPal. Amazon and Bitcoin payments will be activated later, Gloebit CEO Christopher Colosi told Hypergrid Business.

Gloebit - purchase success

Once I authorized the payment with PayPal, there was a confirmation page and my balance was updated.

To test out the payments, I teleported over to the first grid to enable Gloebit payments, Mobius Grid. The hypergrid address is grid.mobiusgrid.us:8002. When I arrived, I saw a notice to authorize my avatar.

Authorize Gloebit

I clicked on the link, and authorized Mobius Grid to sell stuff to me with the Gloebit currency.

Gloebit -- Mobius authorization page

The list of grids that I’ve recently authorized was now on my Gloebit dashboard screen, with a “View full list” button in case there were too many to show.

So far, I only have the one — Mobius.

Gloebit -- authorized access

Okay, so I’m now all set up to go shopping, with money burning a hole in my virtual pocket.

Right ahead of me, I saw the Mobius shopping mall.

Mobius -- Green Hill Mall_001

The selection wasn’t that great, and tended to feature animal avatars, but I found a cute one. And, since I’m writing this article, I get to deduct all expenses as “business related.”

Mobius -- buying a costume

I purchased the item. There were several notification messages, which variously referred to the price as 300R, OS300, and 300 Gloebits.

Then I teleported back to my home grid to try it on.

Hyperica -- Mobius purchase

The package came through the hypergrid teleport all in one piece.

Hyperica -- Wearing the new avatar

And here I am wearing the new avatar. And yes, the eyes do blink. At first, the gray color worried me — did some of the textures not make it through? But then I noticed that this was the color on the package, as well. So maybe it was intended to look as if it hadn’t fully rezzed?

Grids running the old version of the Gloebit Money Module can switch over now, Colosi said.

“They will need to create a production account, request merchant access on production, and create a production app,” he explained. “Then they will need to modify their config file that is distributed with the GMM.  We’ll be sending those grids that want to move to production specific instructions.”

My grid, Hyperica, is currently being switched over to the production version by Dreamland Metaverse, my OpenSim hosting provider.

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Maria Korolov

Maria Korolov is editor and publisher of Hypergrid Business. She has been a journalist for more than twenty years and has worked for the Chicago Tribune, Reuters, and Computerworld and has reported from over a dozen countries, including Russia and China.

  • Yeah the label R was placed there as the shop been there for 2 years. Back then we were with Podex and the currency symbol was “R”

  • Thelma Marks

    I could not find any information on Gloebits being of value to Merchants. What is the exchange rate & how does this work? If I sell something am I able to cash it out for real money? Or is this like a Kitely style currency where you buy but not worth anything?

    • Here are my previous articles on the topic:

      http://www.hypergridbusiness.com/2016/02/ex-linden-money-man-creates-new-hypergrid-currency/
      http://www.hypergridbusiness.com/2016/02/hosting-firms-grids-split-on-gloebits/
      http://www.hypergridbusiness.com/2016/02/how-to-use-gloebits/

      They do plan to make this convertible, yes. Christopher Colosi used to run the Second Life money system, so he knows his way around all this very well, and is up to date on all the relevant laws and so on. They want to get all the kinks out first, which is why the beta period lasted so long.

      The benefit to merchants is that they now have to way to make in-world sales to hypergrid visitors. Currently, the only way to sell to hypergrid users is through the Kitely Market. They plan to have a 3% commission on sales, plus a cash-out fee, and the spread between the buying and selling price of the currency.

      Their goal is to make it competitive to Kitely, which does not charge any commission on in-world Kitely Credits sales — but does not allow cashouts — and charges a 20% commission for website-based PayPal sales.

      Right now, there is no commercially viable multi-grid currency in OpenSim, where you can use the same balance to shop on many different grids. The OMC was supposed to be that currency, but it was never set up, really as a for-profit business — the module was created by professors, and it was managed by Virwox, but it was neither marketed nor supported well. A commercial platform — a virtual equivalent of PayPal — could give hypergrid sales the kick in the pants that it needs.

      There are many people who are attracted to OpenSim’s low land prices and ability to manage your own users and make region backups, but also like to be able to buy stuff, especially school and business grids, and are willing to pay real money for well-made, legally licensed and supported products.

      For example, I would be mortally embarrassed if I was in a business meeting and someone said, “Hey, isn’t that dress by So-and-So? I thought they only sold them in Second Life. You’re wearing a pirated copy.”

      The Kitely Marketplace has already demonstrated that plenty of merchants are willing to sell on the hypergrid. It doesn’t cut into existing sales, but adds to them. And, for non-scripted goods, it doesn’t make any difference at all in the amount of copybotting. Plus, copybotters aren’t target customers, anyway — they’re going to just go and steal, they aren’t going to buy first.

      Finally, hypergrid users are often willing to pay a premium for goods that they can use on their personal, school, or company grids, where there aren’t any local merchants.

      And in-world store can help a merchant promote their Kitely Market location — and vice versa. It can also be a place for marketing events like trunk shows and fashion shows, parties, exhibitions, and so on. Customer can stop by and browse, or get support for their products, or discuss custom design services.

      For grid owners, Gloebit-based stores offer added revenues — the grid owners get a third of the 3% sales commission, or 1% of all sales. Plus, it can attract hypergrid visitors to their grids, and encourage merchants to rent land on the grid.

      • Cinder Biscuits

        Selling to hypergrid visitors is also possible on YrGrid. There are several third-party bitcoin exchanges operating inside YrGrid who will gladly sell and buy bitcoins from avatars. Work is in progress to deposit and withdraw bitcoins to a HG user’s account as well.

        • Please email me a note when that’s ready to go — sounds like a very interesting story!

      • Carlos Loff

        Another huge downturn in Kitely Market is that they will only pay above a certain value – 20$ I think and they will keep our money for 20 days before releasing it, due to policies of customer return request or something like that

        • I think it is $10 minimum Carlos. And the “first” cashout is in 45 days due to paypals dispute terms. Of course once you get your first payout and assuming you have kept selling stuff during that time, and if the accumulated amount is over $10, then you will keep receiving monies regularly.

          In any case, there is a blog on the matter someplace.

    • @@thelmamarks:disqus “Or is this like a Kitely style currency where you buy but not worth anything?” Kitely credits (KCs) can be used internally to pay for worlds/regions, to pay for Kitely market stuff that has the option to buy in KCs, rentals of parcels from others.

      • Thelma Marks

        Thank you for the clarification on this. I didn’t know if they were really worth anything because my friends on Kitley give me their money as they told me it was worthless. I guess another persons junk is ones treasure?

        • You’re welcome. Possibly they didn’t know? I have also been given KCs from people who left.

          As far as I know no other grid allows their in-house currency to be used to pay tier and of course no others have a market like Kitely’s either.

          Here is their blog where this info is someplace. https://www.kitely.com/virtual-world-news/