It’s been a good-news, bad-news summer for Virwox, the European virtual currency exchange that used to dominate third-party Linden Dollar trading. On August 1, all third party Linden Dollar trading officially came to an end. And, before that, the Avination grid cut off its ties with Virwox, and warned users not to trade theRead More →

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 →

Public OpenSim grids gained the equivalent of 1,257 regions this month, while the number of active users rose by 511, after falling for the past three months in a row. Great Canadian Grid, InWorldz and The Adult Grid did not provide full data this data, as was the case theRead More →

Genesis Metaverse, a commercial grid that emerged last fall from the collapse of Avi-Labs, has been having problems with its currency vendor, Podex, and took the dispute public today. For residents, this means that they will now buy and sell their currency directly from the grid and not from Podex,Read 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 →

ZanGrid went live with the Gloebit virtual currency on Monday as the platform gets ready to start approving merchant cashouts. The currency can also already be used on Mobius Grid. Users can use a single virtual wallet to shop on any Gloebit-supported grid, and, when the grids allow, take the purchasesRead 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 →

By all indications, the hypergrid is hopping. As of mid-January, 68 percent of all active users, 75 percent of all public OpenSim grids, and 93 percent of all regions were on the hypergrid, and the number of hypergrid events and communities is exploding. The Kitely Market now delivers to moreRead 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 →

If 2014 was the year of the hypergrid — and it was — then it should also have been the year of the OMC. After all, the OMC, or Open Metaverse Currency, is the only currency which works on the hypergrid and is backed by a trusted exchange, Austria’s Virwox. IfRead 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 →

It’s going to be a busy month, with Oktoberfest and Halloween parties across the grids. One of the biggest Halloween celebration this year is probably the InWorldz Frightfest, on the InWorldz Event sims which will run from October 17 through Oct 31. Island Oasis will hold its Halloween Party on October 31.Read More →

Stay inside this month, in front of the air conditioner, and catch up on all the OpenSim events you’ve been missing. Nara’s Nook celebrates new releases The authors on the Nara’s Nook grid are celebrating new releases today, with a party on the Reader Cove region. Teleport to world.narasnook.com:8900:Greyville via theRead 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 →

It’s the time of the year again, the time when lonely people all over the world feel even worse about themselves than normal. If you’re one of those people, then you’ll have a lot of places to avoid in February, since OpenSim grids are gearing up for Valentine’s Day. VirtualRead 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 →

The results of the 2013 OpenSim hosting  are in, and the biggest surprise was the lack of votes for SimHost, once one of the leading vendors in this space. Another surprise? Vehicle physics tops the list of wanted OpenSim features, just as it did in 2011. Overall, 53 percent ofRead More →

The top 40 OpenSim grids have reached 25,248 regions, a new record high. They also reported 295,411 total registered users and 19,505 active users this month, both of which are also record highs. The previous record high was last October, when the 40 top grids had 25,202 regions. The numbers dropped dramaticallyRead 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 →

Today, two commercial grids — AviWorlds and Avination — announced their continued support of third-party currency exchanges. The announcements were in reaction to yesterday’s Linden Lab decision that third-party exchanges would no longer be authorized by the platform. As a result, 11 exchanges have already announced that they are endingRead 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 →

Credit card thieves have figured out a way to steal money from OpenSim grid owners. They take the credit cards, and use them to purchase virtual currency from the grids. Then they turn around and redeem the currency for cash before the card holder notices the theft and complains. TheRead 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 →

Image: maple / FreeDigitalPhotos.net

In recent months, the amount of innovation coming out of the OpenSim community has been staggering. Hypergrid travel is not only more secure, but now supports cross-grid friendships, messages, and landmarks. OpenSim providers are hosting their regions on-demand and in public (and private) clouds, offering full regions for under $10Read More →