On Friday I received a notecard in Second Life from the World Stock Exchange. It's a lengthy piece (replicated below) that provides some insights into future plans. It's also a dogged adherence by WSE to the belief that the whole operation is for entertainment and educational purposes only and that its currency is purely fictional. We've said it before and we'll say it again - … [Read more...] about World Stock Exchange lays out roadmap and some history
Business
Accessibility to virtual worlds in business
A post from Peter Abrahams on IT-Director.com makes the claim that business cannot afford to block access to Second Life for their employees. The argument runs that the gains to be made in training, meetings and their associated cost savings makes it a no-brainer. Abrahams takes the argument further, stating "A blue chip company will never want to be pulled through the courts … [Read more...] about Accessibility to virtual worlds in business
Deloitte and Westpac explore Second Life
A story last week in The Australian's IT section mentions that both Deloitte and Westpac have made some initial forays into Second Life. Both appear to be adopting a model of using it for internal purposes like meetings, something that business is increasingly latching onto. Both companies have enormous numbers of staff - Westpac has 27 thousand and Deloitte has 4 thousand in … [Read more...] about Deloitte and Westpac explore Second Life
Legality of virtual stock exchanges – ASIC makes a call
Massively's Tateru Nino has written about the legality of virtual stock exchanges, including Second Life's World Stock Exchange run by Australian Luke Connell. ASIC is Australia's financial market watchdog and their view on virtual stock exchanges is that they don't fall under their purview - but that Fair Trading entities may scrutinise any claims of such markets being … [Read more...] about Legality of virtual stock exchanges – ASIC makes a call
World Stock Exchange facing legal problems?
The Second Life Herald are running a story on the Midas Bank saga, alleging that Midas have done some legal investigations around their issues with the World Stock Exchange, run by Australian Luke Connell (LukeConnell Vandeverre). If the issues aren't resolved and things do go legal, it'll provide a fascinating test-case for the status of finance in virtual worlds and … [Read more...] about World Stock Exchange facing legal problems?