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November 26, 2007

Is Second Life the next Internet?

This analysis is solely the work of the author. It has not been edited or endorsed by GLG.
Analysis By:
Hans van Rietschote, Senior DirectorHans van Rietschote
Senior Director, Symantec Corporation
Implications: The online world Second Life (SL) and the similar World of Warcraft both seem to indicate that the Internet is no longer just for websites. Even Google is rumored to be working on its own online world. So are these just other ways of showing more online ads or is this something new?

Analysis: Second Life is hard to explain: on the outside it seems almost silly: you create an avatar (digital representation of yourself that can look like anything you choose) and then with simple mouse commands you move your avatar around in a virtual world with virtual houses, virtual landscapes and lots of other avatars (virtual people).

But once you actually experience it (it is free and will run on any modern PC or Apple) you start to realize that there is a lot more to it. Sun Microsystems did a product launch in Second Life instead of doing it in the "normal" fashion. Regular old fashioned brick and mortar banks are opening up virtual branches in Second Life. And oh yes, the virtual second life currency is convertible into real money. One person in Germany last year was the first to make a real world living inside of second life by selling virtual houses.

Second Life even has virtual sweat shops were people from low wage countries spend hours and hours online while building virtual goods that can then be sold for virtual dollars that can then be converted to real dollars. In other words there is a whole new economy out there. But this economy crosses all regular country boundaries and cultural boundaries. (Even though recently Second Life decided to try and outlaw gambling inside of the virtual world in order to comply with US legislation (the SL HQ is in San Francisco after all).

So Second Life and other virtual online worlds are a new "thing" and some even call it the new Internet.

Other Analyses of the Same Source Article:
Second Life Is Cheaper Than Real Life, Is All
January 23, 2008, Author: GLG Expert Contributor
Second Life, CNN and Fundamental Factors to Move Forward
January 10, 2008, Author: GLG Expert Contributor
Second Life – A Potential Home for Alternative News Agenices or Just More of the Same?
November 26, 2007, Author: P.J. Louis, President, PJ Louis LLC
Real world news shows virtual world's impact on real world news operations & distribution
November 22, 2007, Author: GLG Expert Contributor
THE REALITY THAT DEMAND THE MARKET - THE VIRTUAL WORLD.
November 22, 2007, Author: GLG Expert Contributor
CNN: Get Real
November 19, 2007, Author: GLG Expert Contributor
CNN can choose a direction
November 15, 2007, Author: Scott Holcomb, Chief Executive Officer, HOLCOMB ENTERPRISES
CNN pursuing the Google advertising model
November 13, 2007, Author: Gregg Kail, MBA, Reseller Manager, AT&T Corp

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