Virtual Currencies and Social Commerce - The Next Big Thing?
Popular niches like virtual worlds have their own currencies.
Second Life (Linden dollars) and Entropia (Project Entropia Dollars – PED) have long had their own, thriving economies, and their currencies are even being traded on virtual world exchanges. These worlds have been the focus of the really big virtual currency spending to date.
Earlier this year a man paid the equivalent of $330,000 to buy a virtual space station on Entropia; and virtual nightclubs are a common purchase in Second Life.
It might seem crazy on the face of it - but if you can charge entry to go into your club, where a real band is performing a virtual concert, or charge for a virtual trip on the space station, suddenly these look like sound business investments...
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