Facebook Money Is Coming! Is It Second Life’s Linden Dollars?

Posted on by Kris Olin on July 13th, 2009 | 28 Comments »

As advertisers are increasingly interested in Facebook advertising, ad revenues are not the only source of revenue for Facebook. Facebook started testing virtual currency just a few months ago so the company could also be profiting from the sale of virtual goods. With these “virtual money credits” Facebook users could carry out transactions in certain sub networks. Websites view alternative payment methods as a way to accelerate the sales of the virtual goods that can be an important source of revenue. On Facebook there is the potential for a currency exchange market similar to the hugely popular virtual world, Second Life. Second Life users have been using their Linden Dollars for quite some time now and they seem to be working fine in that particular environment. Linden Dollar rates fluctuate based on supply and demand, but over the last few years they have remained fairly stable. For 1 Us Dollar (US$) you can get about 260 Linden Dollars (L$). While Second Life’s currency is used to purchase virtual items (obviously), Facebook’s currency could be used to purchase real-world items as well; here is a huge potential for the recently updated Facebook Marketplace as well as Facebook Auctions and similar services.

Second Life has almost 15 million registered users from over 100 countries and a fully functioning economy with more than $300 million Linden Dollars transacted annually. As they have successfully implemented the use of virtual money in their environment, you might even speculate with the possibility of using Linden Dollars successfully on Facebook. This would create the biggest online marketplace in the world that would have it’s own currency. Science fiction? I don’t think so.

Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
http://businessvartha.blogspot.com collegegirl

Excellent blog, nice post. I love the contents and thoughts. Keep writing.. I am so proud to vote for this beautiful blog. I VOTED FOR YOU, I recommend your blog to many of my friends. They too Voting for this blog. I hope you will grace me with your precious Vote.Just copy this link to your browser
http://bloggerschoiceawards.com/blogs/show/69551
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Money Is Coming Is It Second Lifes Linden Dollars? | 123Facebook
Pingback: Facebook Flower Shop Launched | Facebook Advertising | Social Media Marketing
http://fbmethods.com Morris

Finally. I’ve found what I’ve been looking. Thanks a lot and a really good blog post here. I’ve got a couple of mates who are really into this stuff so I’ll let them know about it too. Again, thanks a lot mate.