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One of the new Tilia users is Upland, which is an NFT-based virtual property trading ecosystem, where players can play a kind of Monopoly by buying, selling, and trading virtual properties mapped to real world addresses. Prior to its partnership with Tilia, Upland players could not sell their virtual properties to other players for U.S. Using the Tilia wallet, virtual worlds, games, publishers, and NFT exchanges can legally allow creators and others to transfer virtual currencies into fiat. The Tilia Pay service acts as a combination of PayPal and Coinbase for virtual worlds and gaming platforms by providing the “financial rails” for publishers. Oberwager said that Tilia is the only fully licensed money transmitter focused on the virtual currency, gaming, and NFT opportunities.

This holds true for exchanges trading nonfungible tokens (NFTs) as well. That’s because when money is being exchanged for virtual goods and cashed out by creators, the platform publisher becomes a money transmitter and must be licensed in all 50 states. For creators to get paid for their virtual content, platform publishers must first comply with money transmission regulations.

It’s a basic function of the metaverse, and Second Life has been doing this for a long time, Oberwager said. Oberwager said that Tilia Pay could power virtual economies at other companies as they try to get users to come inside and spend money in their version of the metaverse, and then enable people to take their digital earnings and cash them out. Under Altberg, Linden Lab also invested $30 million in Tilia Pay, Linden Lab’s payment system, over seven years to acquire all of the necessary state licenses in the U.S. If you harass someone, you’re gonna get booted from the system.” Tilia Pay If you break our rules, you have a problem,” Oberwager said. It has undercover avatars to police bad behavior. It uses AI to stop such theft and it honors Digital Millennium Copyright Act (DMCA) takedown requests from brands. It has its own Second Life Patent and Trademark Office that functions much the way the U.S. Second Life has long had to deal with problems like rogue user-generated content and copycats.

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Linden Lab supports free speech, but it has also figured out how to deal with lawless metaverse citizens. And the company has long-established practices for dealing with problems. The company supports streaming live video inside Second Life, and it has virtual cinemas where people can watch shows together.

Our goal is to be the least-expensive place to be a creator.” We are supporting creators in ways that allow them to make money. And so our conversion rates are going up. “Because of all the conversations about the metaverse, our name is coming up again as the pioneer. We’re just improving, we’re just focusing,” Oberwager said. This has potential, since more than 70 million users have created their own accounts during the history of Second Life. Just 3.5 years ago, we were the same size as Roblox,” he said. “Second Life is back because it never went anywhere. Second Life has benefited from the pandemic, just like most games, as more users are coming into virtual worlds to socialize because they aren’t so sure about meeting in real life. Second Life remains solid in its 18th year, with the best financial performance in the first half of the year in more than a decade. Obewager took over as executive chairman and noted that Altberg left the company in excellent shape. Sadly, Altberg passed away from his illness in June. He managed to get through some big shifts, like deploying Second Life to the Amazon Cloud, cutting back the staff, selling off Sansar, and eventually selling off Linden Lab to an investor group led by Oberwager and Randy Waterfield in July 2020. I met with Altberg several times, and he was a big advocate for how people needed to remember how successful Second Life still was.īut Altberg suffered from a long illness. He tried to create a VR version of Second Life, dubbed Sansar, but it didn’t get the intended traction. Ebbe Altberg took over in 2014 and helped get Second Life in good stead. But that didn’t work out so well, and Humble left in 2014. Starting in 2010, Rod Humble, a former EA executive, tried to take some of the magic of Second Life and bring it into new applications on mobile and other platforms. In 2010, the company had some big layoffs.

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He stepped down in 2008, and Linden Lab went through a series of caretaker CEOs in the form of Mark Kingdon, Rosedale (who returned as CEO for just four months), and Bob Komin. And in the aftermath of the dotcom bust, he managed to launch Second Life in 2003. Philip Rosedale started Linden Lab in 1999 during the dotcom boom. But Second Life, for all of its endurance and persistence, has never really become as mainstream as it could be.

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