World Stock Exchange – the latest controversy

I noticed on SL Reports.net that the World Stock Exchange (WSE) run by Australian, LukeConnell Vandeverre, is subject to controversy again.

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A virtual financial company called Midas Group has declared bankruptcy and alleges that WSE is part of the cause due to not paying a bond payment. There’s been calls made for WSE boycotts and much more.

What this latest drama reinforces is the fundamental problem with the unregulated financial system in SL – why would any serious investor look at a system where there’s no regulation and multiple stock exchanges that publicly criticise each other’s viability? One of the main value propositions of Second Life is it’s freedom, but this is one area where too much freedom may be one of the virtual world’s major pitfalls.

Librarians Forum another successful ABC Island event

As mentioned previously, the new comedy on ABC, The Librarians was the impetus for a forum held on the Melbourne Laneways section of ABC Island. The build itself featured aspects of the TV show, utilising one of the Laneways buildings previously unused.

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More than thirty people attended, including a respectable cohort of librarians. There was some interesting discussion of library stereotypes and fairly general agreement that another successful Australian comedy has been born.

SydSim is on its way

Telstra have announced the development of a replica of the Sydney CBD on their suite of islands. It’s a development with business firmly in mind:

“At SydSim, real world businesses will soon be able to explore the commercial opportunities available in the virtual world, by renting an office or shopfront at the virtual location of their existing real world premises.

This is an opportunity to secure top-notch locations in a 3D virtual skyscape of Sydney’s CBD, and see what sales, marketing and employee collaboration opportunities are available, without the fuss of setting up their own island.”

When we contacted Telstra and asked when SydSim would be a reality, we were told it was already live. All I could find this evening was the start of a build on two new sims: Martin Place and Loftus:

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There’s never been any doubts about Telstra’s commercial focus within Second Life – this is an obvious evolution from the successful land rentals and the recent expansion of two more sims. I’d imagine there’ll be no problems selling the SydSim real estate – the real challenge will be managing lag issues on what is already a popular neck of the woods.

What’s not in doubt is Telstra’s committment to SL – the other Australian Telcos have some major catching up to do in the virtual world sphere.

Check it out in-world

‘Librarians’ tie-in on ABC Island this Thursday

Australian made comedy The Librarians makes it debut this week and there’s a tie-in event scheduled on the Melbourne Laneways section of ABC Island.

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The full info from the notecard I received:

“DATE: Thursday November 1st

TIME: 7:30pm AEDT, 5:30pm (WA) 1:30am SL time (PDT)

The Librarians, is a new six-part comedy series from ABC TV, based around the highly-strung head librarian of an outer suburban Melbourne library.

This new social satire premieres on Wednesday October 31 at 9.30pm AEDT. Or if you can’t watch it live, you can view it online at http://abc.net.au/tv/librarians/from 10:00pm.

Then on Thursday night, in conjunction with the ALIA, Emerald Dumont – a librarian avatar from the Australian Libraries Building – will host a discussion.”

Real Estate Life – the full story

As promised, we spent a little more time checking out ‘Real Estate Life’, the island launched by the REA Group. There’s a lot of emphasis on space and it’s certainly not a build that has logo saturation – the main building certainly has its fair share but otherwise it’s an understated approach.

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We caught up with Dave Platter, Corporate PR and Internal Communications Manager from REA to ask a handful of questions:

Lowell Cremorne: What was the impetus for the decision to develop a presence in Second Life?

Dave Platter: The web has changed a lot since we got started with our first site 12 years ago. SecondLife represents one possible vision of what the web of the future will look like.

We want to be a part of it so we could better understand how it works. That way we can apply the lessons we learn to our 16 real estate websites.

Lowell Cremorne: You’ve mentioned a primary aim is to engage with the SL community – how do you plan on achieving that?

Dave Platter: Launching the REA Group island is the first step. But in one sense it’s the least important of all. What’s really important is building relationships. So our next step is to spend more time in-world, using the island as a base and perhaps a place for meetings and events. We’re walking with baby steps and we will use what we learn from other Second Lifers to help us decide what to do next.

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Lowell Cremorne: Do you have a timeframe for your committment to Second Life – are there success metrics that would lead you to leaving if they weren’t met?

Dave Platter: At this point the only thing that would cause us to abandon SecondLife would be if we simply decided there was nothing else useful to learn there. But, given the vitality of the community and the innovation the platform displays, there probably is a lot to learn in SecondLife.

Lowell Cremorne: Will the islands have any staffing?

Dave Platter: They won’t have full-time staff for now. It’s not a retail store or even an information booth, although there are some information screens. Rather than waiting on the island for people to drop by, we’ll seek out people, places and events of interest, and also sometimes we’ll invite others to come by.

It’ll be interesting to see how the island fares over coming months – there’s no shortage of near-deserted corporate presences around Second Life. If the enaggement strategy espoused is put into practice, REA may be one of the success stories.

Check it out in-world

Internet Industry Association launches

The old saying ‘if it rains, it pours’ applies in Second Life this week. The Australian Internet Industry Association (IIA) is launching their SL presence tonight.

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IIA Island contains a sizeable sandbox, cafe, freefall platform and assorted buildings. The launch is being held tonight at 6.30pm AEST. The plans for the launch are:

“Streaming music of original Aussie bands is being supplied by MP3.com.au. The artists will be in attendance (as their avatars) to support the launch and mingle with the guests. To coincide with tonight’s launch, a short legal forum will consider legal issues relating to 3D virtual worlds. Nic Suzor and Nick Abrahams are recognised legal experts in this area and have agreed to present at the forum in the Andrew McLaughlin auditorium commencing shortly after the 6.30pm launch.”

I was interested to note one of the key sponsors was Optus – a small foray into Second Life for Telstra’s largest competitor but at least a start.

It’s also worth noting that the AIIA (Australian Information Industry Association) launched in May in a more modest way. So we now have an IIA and an AIIA – and both demonstrate the increasing commitment of the IT industry in Australia to Second Life.

Check it out in-world.

Real Estate Life is latest aussie entrant into Second Life

Back in July we reported that the REA Group(best known for the realestate.com.au site) had an island under development. The development is now complete and is called ‘Real Estate Life’.

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We’ll do a more detailed tour of it later this week, but here’s what REA are saying their objective with the presence is to “learn from and build relationships with other in-world inhabitants and entrepreneurs”.

The build itself is described by REA:

“The island is relatively modest, with a small, inviting building, which includes a reception area, meeting rooms, a boardroom and large screens that provide information about the company’s websites.

The building sits on what is in fact the largest of four closely placed islands. Each of the other three has an outdoor gathering area for meetings and events.”

Watch for a fuller report later this week including an interview with REA about what they’re hoping to achieve. I’ll be surprised if there’s not some significant mainstream media coverage given the previous focus on virtual real estate in SL and the long timeframe since the last Australian corporation entered the fray.

Check it out in-world.

The Pond expands

As Tateru Nino has reported on Second Life Insider, the Pond have added another two sims: Pondagon and Pondi Beach.

An increase in rental property is an obvious driver for Pondagon in particular. Pondi Beach is off limits at this stage – maybe some surfing competitions are on the way? I personally would like to see a ‘Find Harold Holt’ treasure hunt….

The 2007 Federal Election a non-entity for Second Life

In June this year, I wrote a piece for Crikey.com.au on the lack of interest by Australian political parties in Second Life as a campaigning platform. I even contacted the offices of the Minister and Shadow Minister for Communications asking them for their thoughts on Second Life – with absolutely no response.

Now that the 2007 Federal Election is underway, it’s fairly safe to assume there’s not going to be any official campaigning in Second Life and it also doesn’t look likely that any grassroots efforts are underway. Given the heavy presence of US presidential hopefuls in SL, was I being naive in assuming there would at least be some activity from an Australian perspective? I fully understand that with a lot less than 15000 active Aussie SL users, there’s not a lot of political gain in terms of votes gained – but surely there’s some awareness of the value of being perceived as innovative. The first Australian political party who sets up in SL is pretty much guaranteed widespread, mainstream media coverage.

I’d also be interested in hearing suggestions of how political parties could actually be of use in SL, if at all. I intend on bundling up the suggestions and emailing them to each of the parties for comment.

Aussie population update – the decline continues

Linden Lab have released the metrics for September 2007 and there’s been a further significant decline in the number of Australians actively using Second Life.

The active Australian population is now cited as 11,975, down from the 13,567 reported last month and the 14.832 the month before that. Australia has stayed in 11th place overall for countries using Second Life.

That’s a really significant drop in Australians using SL actively. We seem to be heading back to below ten thousand if the trend continues.

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