Thursday, January 10, 2008

Virtual Media Company Hires Virtual Law Firm for Virtual IPO

Here is an interesting story about a Second Life business, MetaNetwork Media, that hired a virtual law firm, the MetaLegal Firm, to help them go "public" in SL. Benjamin Duranske, author of Virtually Blind, makes some good points about the legality and ethical nature of such actions. While the ToS for SL expressly claims that all stock transactions in SL are just for fun, the easy convertibility of Lindens to US dollars, makes the securities implications decidedly real.

What Exactly Does Virtual Mean?

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