the watch

1. The Economist (UK) - Intangible value. "Perhaps it should not be a surprise. In the midst of a global capital shortage, the first company to list this year on New York’s NASDAQ exchange not only needs no money; its source of profit is receiving cash for items that do not exist. Changyou is a three-year-old online-gaming business being spun out of Sohu, China’s second-largest … [Read more...] about The Watch – virtual worlds in the news

1. Examiner (USA) - Small Worlds lets 'tweens take control. "Most kids today have no concept of a world without the Internet. They're used to using electronic means to find information, communicate with each other and share things like pictures and videos. The success of social sites like Myspace and Facebook is based on the users' ability to share experiences with each other; … [Read more...] about The Watch – virtual worlds in the news

1. Ars Technica (USA) - Real banking coming to virtual worlds. "Virtual economies of MMO games have been becoming increasingly intertwined with real-world money over the past few years. Titles like Second Life allow players to exchange cash for in-game currency, while others like EVE Online are player-driven and don't limit currency or materials in the game's economy. Now, … [Read more...] about The Watch – virtual worlds in the news

1. Kotaku (Australia) - Worlds.com Targets World of Warcraft, Second Life For Patent Suit. "Virtual world patent holder Worlds.com filed suit against NCSoft in December, claiming its games, including City of Heroes and Guild Wars, were violating its patent for multiplayer virtual environments. And it won't stop there. Worlds.com CEO Thom Kidrin says that the company … [Read more...] about The Watch – virtual worlds in the news

1. Associated Content (USA) - Islands for Sale Follow Cave Home onto Real Estate Oddities Market. "First it was a cave house that was auctioned off on eBay; now there are private islands for sale. Would you buy an island right now? What is more, would you buy a private island on Second Life? Private islands for sale aside, there currently is a unique cave home listed on eBay … [Read more...] about The Watch – virtual worlds in the news