We have written frequently about Burning Life. This event was the reason for the creation of Second Life and Linden Lab.
After 7 years Linden Lab will transfer ownership of the event to the official Burning Man team effective immediately. The name will also be changed to BURN 2.0.
Turning over control of the event to residents is a strange move. There is nothing up yet on the Burn2.org web site. This is a sure sign that Linden Lab is in real financial trouble and is looking to cut costs at any opportunity.