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Second Life Economy In Double-Dip Recession

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The Second Life Economy appears to be in a double-dip recession mirroring the United States Economy. Linden lab released their economic statistics recently showing a continued decline in several key areas. Perhaps even more telling were the metrics that are no longer tracked and were not released.

But lets just review what was.

Average Monthly Economic Participants Continues to Decline

First of all the average monthly economic participants (number of people buying things) dropped by 2,000 from Q1 to Q2 of 20ll. This is down 27,000 from a year ago.

Value of L$ Continues to Drop

The value of the L$ continued to drop and is now down to an average exchange rate of L$252.3 from L$263.7 a year ago.

What we do not see is overall information on unique, monthly logins, overall economy value, etc. The insistence that web sales are up does not however account for the fact that in-world sales are down to the point of destroying shops in-world. We are also not seeing the numbers of deleted or inactive accounts.

Meanwhile there is more discontent with the virtual world, higher tier costs, and continued land ownership problems. What are your thoughts?

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3 Comments for Second Life Economy In Double-Dip Recession

Holgi Fall | October 20, 2011 at 6:23 am

I think its typical Lindenlab. Dont see the Problems, dont hear what the residents want, just say noooooo its not a bug its a expected behavior

Saku | November 7, 2011 at 5:10 am

I feared this would happen. Economy is hard everywhere at the moment. It was inevitable that it would leak into the Virtual World too. Seeing that a lot in SL is paid by RL money. I’m certain we’ll survive it though.

CuriousMew | November 13, 2012 at 2:27 pm

What worries me more is Philip Rosedale has his butt deep somewhere else other than Second Life for a whole year now. That explains why things are slow on the virtual side.

He’s putting all his attention on the new C&P(Coffee and Power) they created. It’s a real life job trading system based on our Second Life Economy. Wish they pay more attention to what’s going on inside SL.

But for a creator who constantly selling L$ on the exchange, one thing i need to add is… tho the “Buying” price of L$ is dropping all these years… the “Selling” price of L$ is actually rising in Lindex. From 252L$ per USD to 248L$ per USD recently, which means you get more USD when selling L$..

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