virtual currency

Voxelus adding 23,000 assets to VR platform

Voxelus is planning to expand its virtual reality creation platform with a deal to bring 7,000 3D assets to its marketplace during the second quarter of this year, and 16,000 more during the second half...

3rd Rock moves currency to Podex

Press release: 3rd Rock Grid to transition to Podex 3rd Rock Grid is going through a number of changes as part of a transition to a new ownership model. One of the changes will...

New York’s BitLicense costs $5,000

  New York State Department of Financial Services has recently released a 31 page application for anyone who wants to engage in doing business with virtual currencies. The application is a convoluted and cumbersome to...

Bitcoin revisited: beware the bubble

I’ve written about Bitcoin before, warning that I was worried about volatility and botnets. Bitcoin has been on my mind again, lately, due to a big bubble spurred in part by the Cyprus financial crisis,...

Could Linden Dollars become real money?

Linden Dollar: Another Virtual Currency Affected by FinCEN. Bitcoin has been in the news recently. But bitcoin is not the only virtual currency. Virtual currencies, in one form or another are here to stay....

OMC users triple since start of year

The number of OpenSim grids accepting the multi-grid, hypergrid-enabled Open Metaverse Currency (OMC) has continued to grow in the first half of this year, now at an all-time high of 29 grids. Meanwhile, the...

Are virtual currencies becoming real?

Many people view virtual online currencies; the kind used in online websites such as Second Life for example, as being wholly different from their real life counterparts. Many online games have their own currencies...

OMC hypergrid currency gained popularity in 2010

In the past year, the OMC virtual currency has gained both popularity and usefulness, with both the total currency in circulation and the number of grids it’s available for use on growing. The OMC,...

How to Price Your Virtual Currency

One of the key early decisions to game design or creating a virtual currency platform is designing the price and exchange rate of virtual currency. Unfortunately after it’s been released, it’s also one of...

Does your grid need its own currency?

Update: I still recommend the OMC currency, which has grown substantially since this article was first written and now used on 30 OpenSim grids. The two other currencies I mentioned — V$ and G$...

CyberCoinBank’s G$ takes early lead

CyberCoinBank’s G$ is taking an early lead over the OMC multi-grid currency from Virwox. Although G$ is only accepted on 8 grids, compared to 14 grids for OMC, there is over 63 million G$...

FrancoGrid, AvatarHangout switch to OMC payments

Two more grids have switched to the recently-released hypergrid-enabled OMC (Open Metaverse Currency) from Virwox, FrancoGrid and Avatar Hangout, bringing the total number of grids using the currency to six. The other four grids...

Business in OpenSim

[Update: You can browse all hypergrid-enabled public OpenSim grids with Hyperica, the directory of hypergrid destinations. Directory indexes more than 100 shopping and freebie store locations.] Is it too early to start doing business...

ReactionGrid hosts own virtual world, private grids

This week, ReactionGrid has released its $8,950 Banbury virtual world server, for those who want to physically own their own virtual universe. But for customers willing to let their virtual worlds be managed by...

Ten New Business Ideas for Emerging Worlds

Everybody knows about the big three of virtual business: sex, gambling, and role-playing. But with the new OpenSim platform and hyperlinks between different virtual worlds, the three-dimension Internet is about to explode as a serious platform. Here are a few ways to take advantage of it.

3D Worlds Developer Launches Online Magazine

According to Ralf Haifisch, a virtual worlds developer, what we’re seeing now is the emergence of a new Internet. And he knows what’s he’s talking about – he was the first one in his part of Germany to run an Internet host there – and sent me a document dating back to 1991 attesting this fact.

Folk Cafe Does OpenSim Right

If you want to see how the OpenSim platform works in practice – and who doesn’t want a glipse of the next generation of the Internet? – you might be tempted to come to the OSGrid, the largest public OpenSim deployment that’s out there right now. Don’t. If you want to see a nice, stable OpenSim project, go to the Folk Cafe at Grid4us.