A few months ago, I wrote about the VirWoX exchange having tons of money just sitting around in the OMC accounts, OMC being a hypergrid-enabled, multi-grid currency used by several OpenSim grids. Well it turns out that money is now starting to drain from those accounts. This was brought to our attention by DreamNation, the largestRead More →

The big spinning V is the OMC in-world payment terminal. (Image courtesy Speculoos.)

The Belgian Speculoos grid is adopting the OMC virtual currency from Virwox. “It is crucial that users can use their money outside of our single small world,” said grid owner Gudule Lapointe in an announcement today. “It is also important for us that money is backed by a specialized company, thatRead More →

Press Release: NEOVIA Financial Selected by VirWoX for Second Life Currency Exchange NEOVIA Financial, the independent global online payments business, has been selected to securely process online payments for VirWoX, the Austrian based Virtual World Exchange. VirWoX is using NEOVIA’s NETELLER e-wallet to enable users of the Second Life virtualRead More →

All approved Gloebits merchants can now, from Saturday, withdraw their in-world proceeds through PayPal. The cash-out limit of 5,000 Gloebits is also going up, based on the merchant’s transaction history and level of identity verification. Cash-out limits will continue to rise in the future, Gloebits CEO Christopher Colosi told Hypergrid Business.  “As timeRead More →

While most OpenSim hosting companies are cautiously optimistic about the new Gloebit currency, currently in beta testing on Hyperica and ZetaWorld grids, grid owners themselves are split on how they want to see payments evolve. Dreamland, Zetamex testing platform Dreamland Metaverse was one of the early testers of the GloebitRead More →

In mid-June, Linden Lab announced that third-party exchanges must stop selling Linden dollars, which will effectively put all or most of these exchanges out of business by August 1. There is an English-language petition with around 300 signatures at SaveTheExchanges.com and a German-language petition at OpenPetition with more than 700 signatures. There is a smallRead More →

Update: Linden Lab has posted an official notice confirming the news. Linden Lab is shutting down third-party currency exchanges, CrossWorlds exchange owner Tony Bastianelli told Hypergrid Business today. According to Bastianelli, he received an email today telling him that his reseller account will be shut down on August 1, and he will noRead More →

DX Exchange, one of the oldest exchanges trading Linden Dollars, has now entered the OpenSim payments space. The exchange is now providing the currency infrastructure for Sunlight Grid, with four other grids in beta testing. Currently, there are two main exchanges providing currency services to OpenSim grids. Virwox operates theRead More →

Someday soon, we will have a virtual reality metaverse. A fantastical place, limited only by our imaginations, where time and space mean nothing and experiences are shared as easily as bit and bytes are today. What technology will form the basis of this metaverse? Will it be created by Facebook?Read More →

OMC helps establish an economy for the XMIR grid OMC allows hypergrid travelers to make payments OMCs can be purchased with the widest variety of payment options To help establish an economy for the grid, the recently-launched commercial Xmir grid has added support for in-world payments via the OMC currency from Virwox, a virtual currencyRead More →

Press release: DreamNation Establishes Own Virtual Currency, DNCoins NEVADA — DreamNation has established its own virtual currency, DNCoins (DN$). DN$ was successfully and smoothly rolled out over the last two weeks of June, and has been adopted by members of the grid with enthusiasm. DreamNation previously used Virwox’s OMC$ as its internal currency prior to adoptingRead More →

Dear Linden Lab board of directors: I just heard that CEO Rod Humble is stepping down. I guess you guys will be looking for a new chief? I’d like to suggest some questions to ask yourselves as you decide the future direction of the company. Now, you might think thatRead More →

UK-based virtual currency exchange Podex has teamed up with Last Vegas-based OpenSim hosting company Zetamex to offer a new currency option for OpenSim grids. Today, grids have three choices for in-world payments: a local currency that they create and manage themselves, the multi-grid, hypergrid-enabled OMC — Open Metaverse Currency — fromRead More →

The multi-grid, hypergrid-enabled OMC — Open Metaverse Currency — from Austrian currency exchange Virwox had its best year ever in 2013. The total value of transactions conducted in the virtual currency reached OMC 6.5 million in 2013, up three and a half times from OMC 1.8 million in 2012. That is equivalent to anRead More →

Second Life customers who have difficulty buying Linden Dollars from the official LindeX exchange — your voices have been heard. When Linden Lab shut down all third-party currency trading in early-May, there was a mass outcry that included two public petitions. Linden Lab reversed course ten days later,  allowing approved outside exchangesRead More →

In a surprising reversal, Linden Lab has decided to allow third-party exchanges to sell Linden Dollars to users, a move that will benefit international Second Life residents who had difficulties using the official LindeX exchange. “We’ve heard from some users outside of the US who are concerned that it mayRead More →

Update (May 17): Linden Lab launches Authorized Reseller program, five exchanges now live. Linden Lab announcement is here. List of Authorized Resellers is here. The five exchanges currently allowed to sell Linden Dollars to users are  AnsheX, Buildo, VForEx Inc, VirWoX, and Zoha Islands. No third party exchanges are allowed to purchase Linden Dollars from users, however. ——————- WhileRead More →

After Tuesday’s surprising announcement by Linden Lab prohibiting third-party trading in the Linden Dollar, some virtual currency exchanges are now fighting for their lives. “It is not only problem for Linden Lab or third party exchanges but also for but a big number of residents, especially from European countries, who will beRead More →

Update (May 17): Linden Lab launches Authorized Reseller program, five exchanges now live. Linden Lab announcement is here. List of Authorized Resellers is here. The five exchanges currently allowed to sell Linden Dollars to users are  AnsheX, Buildo, VForEx Inc, VirWoX, and Zoha Islands. No third party exchanges are allowed to purchase Linden Dollars from users, however.Read More →

The volume of transactions using the multi-grid OMC currency from Virwox rose by 36 percent in 2012 compared to 2011, and the total amount of the OMC in circulation rose by 26 percent. However, the number of avatars using the multi-grid OMC currency dropped dramatically in 2012. During the monthRead More →

The Belgium-based Logicamp grid is offering OpenSim region hosting in the Amazon cloud at just 21 cents per hour — or 1 Euro (US $1.29) for six hours. Cloud-based event hosting is a good fit for companies and organizations that need a large number of regions for a short amountRead More →

PODEX, the Wilmington, Delware-based virtual currency exchange, announced today that it now has a presence in Avination and is offering their services for business and residents of that grid. PODEX, an established Linden dollars brokers began offering their services in Avination on July 12., the company said. Avination is the third-busiestRead More →

I love Cloud Party. I love the responsive, 3D graphics. The cute tutorial. The in-world building tools. The free house.  I even love the Facebook integration. Most of all, though, I love the fact that it’s WebGL. It runs natively in modern browsers like Chrome and Firefox and Safari —Read More →

If you’re a tech-savvy grid owner, there’s a good chance you’ve heard of Bitcoin, a new virtual currency that’s completely private, untraceable, and isn’t backed by any company or government. For some, Bitcoin is the future of online payments, an alternative to our current, outmoded, failing financial system. But before youRead More →

If you are a grid owner, you’ve probably already considered creating a virtual currency for your residents. Virtual currencies make it easier to have an in-game economy, have lower transaction costs than PayPal or credit card payments for small payments, and can bring in additional revenues for the grid operators.Read More →

Update: In-world payments have been enabled. Kitely, the on-demand OpenSim hosting company, will be enabling in-world payments this month, both for resident-to-resident sales and for hosting fees. “There are already thousands of dollars sitting around in people’s accounts in unused Kitely credits, burning a hole in their pocket,” Kitely CEORead More →

Here on Island Oasis, we spent most of March developing and testing our own internal currency. This feature was implemented on April 7 and has been running without issue since. Until then, Island Oasis was using VirWoX OMC as our primary currency. This solution was more than sufficient initially when we launchedRead More →

Some newcomers to OpenSim have major concerns with hypergrid technology and these concerns should not be taken lightly. Many of these risks, however, are exaggerated, while others are present in all virtual worlds. These concerns may cause some to fear moving to OpenSim worlds. Creators and merchants, in particular, may fearRead More →

In the first quarter of the 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, which has also been reflected in the growing number of users. The OMC, or Open Metaverse Currency,Read More →

SpotON3D — the most controversial grid in the OpenSim metaverse, and the only commercial grid that doesn’t release any key statistics — has announced plans to change the company name to Worldworks. The announcement was detailed in full in a members-only newsletter on Thursday. The Worldworks brand will become theRead More →

Avination, one of the top commercial grids using the OpenSim software, announced today that it has enabled border crossings for vehicles with the latest release of its server software. The standard OpenSim physics engine lags behind that of Second Life when it comes to vehicles, and there are problems havingRead More →

The number of people using the hypergrid-friendly OMC currently rose by a factor of five over the course of 2011, from just over 500 people at the start of the year, to 2,859 at the end. Meanwhile, the number of grids where the currency is available grew from 18 toRead More →

The Island Oasis social grid has rolled out a custom fishing game, a vampire role playing game, an urban combat system and a speedway, and turned on hypergrid connectivity last week as part of a grid-wide revamp. That’s a lot of activity for a small grid — Island Oasis isRead More →

If you’re launching a new grid, your number one problem is lack of content. Whether your grid is a corporate office complex for your employees, a campus for your students, or a large social and roleplaying world for your residents, they all need clothes, skins, hair, shoes, furniture, productivity tools,Read More →

Paris-based Cariama, a multi-grid marketplace, wants merchants to know that they can sell their goods to six different OpenSim grids, plus Second Life — without paying any commission. Those six grids are 3rd Rock Grid, Avination, InWorldz, Open Neuland,  Sim World and UFS Grid. It’s been making that pitch sinceRead More →

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 number of registered users has tripled since the start of the year. In addition, the totalRead More →

HGExchange, a new online marketplace for OpenSim goods launched today, with live delivery to OSGrid, MyOpenGrid, and Haven. It is not the first online marketplace to deliver items to multiple OpenSim grids.  Cariama delivers products to 3rd Rock Grid, Avination, InWorldz, Sim World and UFS Grid as well as to SecondRead More →

You cannot compare Second Life and OpenSim. One is a social world. The other is an open source piece of server software. You can’t even compare Second Life to individual grids using OpenSim as their backend software. Second Life has around a million users logging in each month, while theRead More →

Back when 3rd Rock Grid first launched in the spring of 2008, it was one of the earliest OpenSim grids and the owners had to figure out everything on their own. The grid’s managers had to learn how to install the software and maintain it, manage upgrades, backups, modules, land,Read More →

Resellers of open source software survive by making life easier for their customers. For example, Website hosting providers handle the setup, backups, updates, load balancing and server management for you. Yes, you could run Apache for free on your own servers — but would you really want to? Those thatRead More →

Austria-based VirWoX began trading Avination’s C$ virtual currency today. VirWoX is best known as a leading exchange for Lindens in Europe, and for its hypergrid-enabled OMC currency. “Given the strong growth of Avination and its clear focus on becoming a commercial grid, this looks like an interesting market to beRead More →

This year was a big one for OpenSim. Lots of growth, lots of technological breakthroughs. But some Hypergrid Business articles got more attention than others — and, thanks to the miracle of Google Analytics, we know exactly which ones. Here are the top 10 most-read articles of 2010. 10. OpenSimRead 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 →

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 →

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 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 →

Would be sim-commerce millionaires gathered at the Hypergrid Entrepreneurs Group meeting Thursday night on the Trombly Grid to discuss recent innovations in OpenSim hosting, currency systems, and selling real homes and real furniture in virtual environments. Towards the end of the meeting, the conversation somehow turned to virtual sex (okay,Read More →

Update: See end of story for new pricing information. Two of the world’s largest German grids — Grid4Us and GermanGrid — are merging this week, in order to provide a richer — and more populated — world for residents and visitors. The merger is scheduled for August 13 through 15,Read More →

Second Life released Viewer 2 in February and, though many complained that the new interface was confusing and less efficient it did offer a significant new benefit to enterprise and education users: the ability to show websites and other media on any in-world surface. However, the new viewer — commonlyRead More →

A couple of days ago, Second Life merchant Darrius Gothly proposed a plan to reinvigorate Second Life’s land market by  zoning regions residential or commercial. Today, Second Life does have some zoning. Content aimed at teenagers is confined to the Teen Grid, for example, and adult content to the ZindraRead 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 →

The world’s top 40 OpenSim-based grids gained over 900 regions over the past month, from 8,626 to 9,533, an increase of more than 10 percent. As usual, OSGrid was the single biggest gainer, with 609 new regions. The biggest growth was at OSGrid, which gained 847 regions. OSGrid allows anyoneRead 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 →