Spending doubled last year on VirTec network

The total amount of money spent on purchases over the VirTec OpenSim vending machines network nearly doubled last year, increasing by 92 percent from $4,206 in 2015 to $8,080 in 2016, the company reported. Meanwhile, the total number of transaction increased nearly three-fold.

In 2015, the company’s first year offering the OpenSim vending service, merchants on 13 grids used the sales machines. Last year, that number rose to 20 grids, company owner Virtouse Lilienthal told Hypergrid Business.

The number of merchants using the system more than doubled, from 62 in 2015 to 145 in 2016, he said.

The total number of transactions increased from 3,637 in 2015 to 10,371 in 2016.

And the number of merchants with transactions also increased over the course of the year.

Number of active merchants on the VirTec platform. (VirTec data.)

The top performing grids in terms of the number of merchants with transactions were as follows;

The top ten merchants were on the platform were:

  • F4 Forzane from Inworldz, Great Canadian Grid, DigiWorldz, YrGrid, Baller Nation Grid, Virtual Highway, 3rdLife Grid, The Adult Grid, Genesis Metaverse, Sinful Grid, Lost Paradise Grid and The Encore Escape
  • Loli Pop from the Great Canadian Grid
  • Gemini Fullmoon from the Great Canadian Grid and ZanGridKitely Market
  • Rosie Lavochkin from the Great Canadian Grid and InWorldz
  • Dykoda Desmoulins from InWorldz, DigiWorldz, 3rdLife Grid and YrGrid
  • Steve Ford from the Great Canadian Grid and 3rdLife Grid
  • Do Negulesco from InWorldz – Kitely Market
  • Morrigan Bellic from Great Canadian Grid, Baller Nation Grid, The Adult Grid, YrGrid, Genesis Metaverse and DigiWorldz – Kitely Market
  • Midnite Noon from 3rdLife, Digiworldz, ZanGrid, GreekLife and the Great Canadian Grid
  • Christin Nightfire from Great Canadian Grid, Genesis Metaverse, Discovery Grid and GreekLife

While total spending was significantly higher in 2016 than in 2015, the spending dropped gradually as the year progressed, falling from $875 in January to $441 in December.

Lilienthal said he couldn’t say how much of the spending decline was due to normal seasonal variations because there wasn’t yet enough historical data.

Total monthly spending, in US dollars, on the VirTec platform. (VirTec data.)

Merchants on the Great Canadian Grid brought in the most money via their VirTec vendors, at $2, 535 for the year. InWorldz was second, with $1, 928.

Total 2016 spending, in US dollars, on individual grids. (VirTec data.)

However, YrGrid’s merchants saw the highest average transaction size, the equivalent of $3.30 per sale. InWorldz was the lowest, at $0.60 per sale.

How VirTec Vend works

(Image courtesy VirTec.)

Merchants have two options when using the VirTec platform. There’s a free version that anyone can use, that has a 5 percent commission on each sale. There is also a premium version of the product where no commission is charged. Both include detailed statistical reports.

According to Lilienthal, the commission is significantly lower than that charged by the Kitely Market, which is an online marketplace that delivers to more than 165 OpenSim grids.

It also supports multi item vending, has a built-in discounting system that can be configured for each item, and 18 different mesh and prim-based customizable vendor styles. Other features include demo support possible for each of the item being sold and low lag scripts. It also notifies both the customer and trader on refunds and provides sale histories.

“All sales are logged on the website, which helps on many grids that don’t have a transaction history or a transaction history with limitations,” he said. “The VirTec Vend transaction logs gets never capped.”

The platform supports Gloebit virtual currency according to Lilienthal.

“We’re active on ZanGrid when used with the Gloebits OpenSim Money module,” he said. “Also, I am considering alternative ways of integrating with Gloebit as this seems to be an interesting new currency which attempts to solve problems there are currently in the metaverse.”

For more information, visit the VirTec region on the DigiWorldz grid at login.digiworldz.com:8002:VirTec, or buy the machines from the VirTec store on the Kitely Market.

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David Kariuki

David Kariuki is a technology journalist who has a wide range of experience reporting about modern technology solutions. A graduate of Kenya's Moi University, he also writes for Cleanleap, and has previously worked for Resources Quarterly and Construction Review. Email him at [email protected].

16 Responses

  1. yo virtouse lilenthal, if you ever decide to go full web based hit me up! ill give ya my php and lsl.

    • support@virtec.io' VirTec says:

      Hey Chris, thanks for the offer and it’s very kind of you. However currently there are just too many issues with OpenSim communications to guarantee a reliable and mainly secure solution.
      There are limitations from a maximum of just 100 URLs per region, to not being able to reliably use HTTPS everywhere not to talk about that you cannot use llRequestSecureURL to receive a HTTPS url for HTTP-in, and that not even in InWorldz last time I checked. However the last point wouldn’t really prevent me from getting it done, but still HTTPs would help to reliably ensure who you are talking to if you have a specific CA certificate you can verify against.

      So without me creating an OpenSim module that needs to be installed by grid owners there’s probably right now a small chance of me going that route, also with the recent leakage it just shows me how important a proper secure system will be that cannot be intruded.

  2. sweetenya@aol.com' Guest says:

    This could bring me back to OpenSim as a merchant if a unified currency like Gloebits was widespread, I have no time to set up in dozens of grids, due to myself having irreconcilable differences with Kitely’s management, the option is no longer viable for me to use their marketplace.

    People love my creations in Secondlife, often people ask me to bring stuff over, Wish I could create here again, but I need a Kitely Alternative that can reach just as many places as they, do while empowering me the creator in full control.

  3. services@farworldz.com' Talla Adam says:

    Thank you David for this article and VirTec for sharing data. It is helpful to see the progress when deciding if, or what, currency service to have on my grid. It’s great to have Kitely direct delivery but obviously, a universal currency like Globit could help stimulate in-world shopping much more, which will make Hypergrid a much bigger market. I’m not sure where this leaves other currency exchanges like Podex but I guess there is still a lot to work out yet and we may see more developments before long.

  4. b54563@mvrht.com' Thelma Marks says:

    Any word on whats going on with VirTec can’t find his products anywhere any more in the metaverse. Did he pull out of opensim or something maybe someone will know?