As part of its 10 year birthday celebrations, Linden Lab reported that Second Life residents have transacted $3.2 Billion US Dollars for virtual goods. The most purchased items are women’s hairstyles.
Now consider that for a moment. $3.2 Billion US Dollars is an enormous amount of money to spend on anything, let alone virtual goods.
Visualising large numbers isn’t something we find easy to do. To help, 100 million US Dollars nearly fits on one standard pallet:
3.2 billion US Dollars would sit on about 30 standard palettes, with a bit (!) left over:
Now we’re getting closer to visualising what Second Life residents have exchanged… again, for virtual goods in its first 10 years. Would any of us, in 2003, ever have believed it?
So here is my question:
What is your relationship with money in Second Life?
Are we crazy to spend this much money on virtual goods and services? Do you spend freely, or are you a saver? Do you budget by spending to a limit? Does spending money make you happy, or guilty? What influences you to spend money? How do you determine what virtual goods are worth?
How do your spending habits differ between both lives, or are they the same? What have you learned about your spending habits through Second Life? Has your relationship with money changed as a result of being in Second Life?
I invite you to discuss these questions and more at our next Basilique Chat Salon, Wednesday, May 28th at 1pm SLT. (SLurl)
As always, whether you can attend or not, feel free to answer the bolded question any way you like in the comments below and I might bring up your views at the salon.