Valleywag
For all of Second Life's apparent freedoms, it certainly mimics the first. Linden Lab's virtual world is experiencing a bit of a land crisis — there's far too much readily available. In August, Linden Lab announced it was limiting new land creation due to falling prices. Now Linden is halting production while it implements a new auction system in the hopes that the recess will clear out caches. Second Lifers are none too happy. With the ban on gambling and flooded land market devaluing holdings, the economy is taking a nose dive. It looks like Lindens have realized they're buying little more than Florida swamp land.
Second Life land bubble
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1:54 PM on Wed Sep 12 2007
By Mary Jane Irwin
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When worlds collide. Two areas I've covered heavily the past couple years have been the real real estate bubble and the silly virtual cult estate bubble in Second Life.
All I can say is, "Pop".
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