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Investing virtually: New Delhi is India’s First City on Second Life

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    “Only estimated figures are available because of the confidential nature of transactions, but the number of users who visit our VR business solutions on the Second Life system has also shot up,” revealed Daniel Dias, director, Research Lab, IBM India, one of the companies with a massive presence on the system. “More than 90 per cent of the active users, mostly form the National Capital Region, are also investing in the currency exchange,” he added.

    what is second life

    Second Life is an online virtual reality world, launched by Linden Research Inc in 2003. Unlike gaming sites, users don’t just play and win. Focus is on functioning like in the real world

    To register, users can log on to www.secondlife.com. Whie registration is free, transactions can be carried out through any credit card that supports international currencies.

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    Users can create their virtual personalities called avatars, as well as clothes, cars, furniture.

    Active “residents’ can buy land and modify it, owning up to 512 sq m without paying any additional fees. The currency used is Linden Dollar (270L$=Rs 39). Further real esate purchases come with fees based on tier systems.

    Among those present are Reuters, Ford and IBM.

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