Metaverse One

The economy is not just affecting the real world, but the virtual as well. No one or avatar is safe from the budget slashing going on. Virtual world builders , platform companies, and start-ups are also feeling the pain. Carla Thornton's article Virtual Worlds: "2009 is going to be a trial by fire" points out some interesting points about these times. From the article - Virtual worlds, at least those looking for funding, are meeting the all-too-real world of the worsening economy, according to a new report. Prepared by Virtual Worlds Management , a provider of market research and events related to the virtual worlds industry, the report says investments in 63 virtual-world related companies declined by 58 percent from 2007 to 2008, shrinking from $1.4 billion to $594 million. This year will see more contraction, Joey Seiler, editor of Virtual World News , told The Standard . "2009 is going to be a trial by fire for the industry and entrepreneurs," he said. ...