Linden Lab has invested quite a lot in the past few years to upgrade their financial systems to meet these new regulations, and they decided to make the savvy move to sell their well-developed virtual economy services to other platforms.
It is no surprise that former Linden Lab platform Sansar (now owned by Wookey) is one of Tilia’s customers. But it is somewhat of a surprise to me that among those new customers is a blockchain-based mobile property trading game called Upland, which I had never heard of before. Here’s a brief Vimeo promotional video:
Now I think it is interesting that a game that describes itself as “a property trading game paired with a decentralized economy” would decide to use Tilia instead of trying to create and monitor its in-game economy. Linden Lab might well be on to something here! I can foresee a time when other social VR platforms, virtual worlds, and games might also make the decision to outsource the management of their virtual economies in this way.
I’ve been meaning to blog about this for a while now, and someone reminded me today on Twitter (in response to my recent blogpost about the state of current social VR) that there was a nearly two-hour-long YouTube video of a panel discussion held in September in VRChat, where four smaller social VR developers talked about various aspects of virtual world economies.
We’ve gathered an incredible cast of lead developers building VR platforms to discuss virtual economies. How can creative people make a living inside these worlds? What ingredients are missing to catalyze a thriving user-generated content economy? What’s the landscape look like? How can startups compete with big tech?
■ James Baicoianu: Working on Elation Engine since 2011 building web based virtual worlds and JanusWeb for past few years as a framework for anyone to easily create social VR experiences. Bai has 20+ years of web dev experience, is a webgl / threejs contributor, and a part time internet archivist.
■ Ben Nolan: Built scenevr which lead to aframe, worked at Decentraland for awhile building their first web client. Currently developing Cryptovoxels full-time, a browser based virtual world owned by users via the Ethereum blockchain.
■ Avaer: Created a minecraft clone on the web about 6 years ago, ran into browsers at the time. Took C++ background and built own web browser named Exokit just doing WebVR / WebXR. Now focused on bringing people together and incentivized to work on proper Metaverse with Exokit Web.
■ SM Sith Lord: Lead developer of Anarchy Arcade, a 3D desktop with VR support. Has been using 3D desktops for 10 years and streams to Twitch regularly to show it off on twitch.tv/anarchyarcade.
I must confess that haven’t watched all of the video myself yet, but I wanted to share it with you, in case you were interested in some of the smaller companies’ perspectives on virtual world economies (and before I forget to post about it yet again). Enjoy!