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$ (US $210,000) in circulation, compared to just 302,037 OMC (US $1,045). There are several reasons forRead More →

The OpenSim economy continued to grow this month, with both the OMC currency and the I’z currency from InWorldz growing in users and transactions. The OMC, a convertible currency from Austrian virtual currency exchange operator Virwox, is now accepted on 18 different grids — AnSky Grid, Avatar Hangout, FrancoGrid, GermanGrid,Read More →

Investors in virtual companies listed on the Second Life Capital Exchange lost most of their money, according to a new research report. The report, which covered the time period between May 2007 and December 2009, showed that investors bought US$145,000 worth of shares in initial public offerings of virtual companies.Read More →

Both the G$ and OMC multi-grid currencies reported strong growth over the last two months. Since we last took a look at their numbers in mid-August, the OMC currency — backed by Austrian Linden exchange operator Virwox — has grown from 14 to 20 grids, and now reports 382,537 OMCRead More →

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$ — have not been getting much traction in OpenSim, and have pretty much faded away. SomeRead More →

Correction: Coral Estate regions start at $20, not $10. OpenSim hosting prices have fallen to a record-low, with providers like New Voice offering regions for just $10 per month — though the performance of such low-cost regions may be in doubt. New Voice on the map If you’ve glanced atRead More →

The hypergrid economy continued its steady growth this past month, with a total of 1,091,000 OMC (US $3,775) spent on the 14 OMC-enabled grids since the multi-grid currency launched in March. This total doesn’t include local grid currencies, CyberCoinBank’s G$, or Virtual Wallet’s V$, none of which report their transactionRead More →

Virtual worlds run by non-profit organizations focus on providing a low-cost platform for other non-profits and individuals. To many in the non-profit sector, in-world economies belong on for-profit grids like Second Life and Blue Mars. However, some non-profits running grids on the OpenSim platform are beginning to embrace in-grid paymentsRead More →

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 supporting the currency are Grid4Us, GermanGrid, OpenNeuland, and WilderWesten. Between them, the six grids total overRead More →

[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 in OpenSim? We are certainly not in an age of v-commerce, though we can see itRead More →

Germany’s Grid4Us and GermanGrid launched in-world money systems yesterday, using the VirWox virtual payment system. The virtual money — Open Metaverse Currency — is fully convertible with US Dollars, Euros and other real world currencies, as well as with Linden Dollars. Unlike previous attempts to set up currencies for in-worldRead More →