SAN FRANCISCO, Jan. 13, 2022 \u2014<\/strong> High Fidelity announced today that it acquired an interest in Linden Research, Inc. (\u201cLinden Lab\u201d), the pioneering developer of the virtual world Second Life. The deal includes a cash investment and distributed computing patents. Members of High Fidelity\u2019s metaverse team are joining the company, and Philip Rosedale, who is a founder of both companies, is also rejoining Second Life as a strategic advisor. <\/p>\n “No one has come close to building a virtual world like Second Life,” says Second Life founder and High Fidelity co-founder, Philip Rosedale. \u201cBig Tech giving away VR headsets and building a metaverse on their ad-driven, behavior-modification platforms isn\u2019t going to create a magical, single digital utopia for everyone. Second Life has managed to create both a positive, enriching experience for its residents \u2014 with room for millions more to join \u2014 and built a thriving subscription-based business at the same time. Virtual worlds don\u2019t need to be dystopias.\u201d Now in its 19th year of operation, Second Life has had one of its strongest years ever with a growing user base and booming economy including an annual GDP of $650 million USD with 345 million transactions of virtual goods, real estate, and services. Over 2 billion user-generated assets exist inside Second Life with 8 million unique items sold on its Marketplace.<\/p>\n ABOUT HIGH FIDELITY High Fidelity<\/a> is a real-time communications company, whose mission is to build technologies that power more human experiences in today\u2019s digital world. The company\u2019s patented spatial audio technology, originally developed for its VR software platform, adds immersive high-quality, 3D audio that makes voices sound clearer and powers more natural conversations, like they’re together in a physical space. High Fidelity was co-founded by Philip Rosedale, creator of Second Life, Irena Heiberger, and Ryan Karpf. The company is backed by investors including Blockchain Capital, Breyer Capital, Galaxy Digital Ventures, GV, HTC, IDG Capital Partners, Kapor Capital, True Ventures and Vulcan Capital. Learn more at highfidelity.com.<\/p>\n ABOUT SECOND LIFE<\/strong><\/p>\n Second Life, developed and operated by Linden Research, Inc., is the groundbreaking virtual world enjoyed by millions around the globe. First launched in 2003, Second Life has since gone on to boast nearly two billion user creations and a vibrant $650 million (USD) economy. Founded in 1999, Linden Lab creates social platforms and licensed money services that empower people to create, share, and benefit from virtual experiences. To learn more visit secondlife.com<\/a>.<\/p>\n Have you heard the news?<\/strong> Second Life founder Philip Rosedale is back!<\/p>\n With today\u2019s announcement about High Fidelity\u2019s investment in Linden Lab, we\u2019re excited to welcome back Philip Rosedale in the all-new role as Second Life strategic advisor. Philip is a recognized metaverse pioneer who led the early days of Second Life to help form and inform the now-mainstream concepts of virtual economies, cultures, and communities. In his new role, he will bring his vast virtual world experience and vision to help shape the future of Second Life.\u00a0<\/p>\n Philip will be joined by Linden Lab executive chairman Brad Oberwager in an exclusive \u201cLab Gab\u201d community Q&A in the next couple of weeks \u2013 and we want your questions! To submit your questions in advance for consideration by both Linden Lab\u2019s executive chairman and the Internet\u2019s original metaverse pioneer, please use this form no later than midnight (Pacific) at the end of Sunday, Jan. 16.<\/a><\/strong><\/p>\n This special edition of \u201cLab Gab<\/a>\u201d will be streamed on our socials in late January \u2013 so stay tuned to this blog<\/a> and follow our social channels<\/a> for more information!<\/p>\n Have A Great Weekend From All Of Us At Zoha Islands And Fruit Islands…<\/p>\n <\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":" Great News! Philip Rosedale Returns as Advisor, Along with Key Metaverse Assets to Help Fuel Growth SAN FRANCISCO, Jan. 13, 2022 \u2014 High Fidelity announced today that it acquired an interest in Linden Research, Inc. (\u201cLinden Lab\u201d), the pioneering developer of the virtual world Second Life. The deal includes a cash investment and distributed computing … Continue reading
The transaction will help Second Life further scale its operations and strengthen its commitment to growing an innovative, inclusive, and diverse metaverse where its inhabitants\u2019 ingenuity drives real-world value for themselves and others.<\/p>\n
\u201cSince Philip started Second Life in 1999, its visionary approach has not only stood the test of time, but positioned it for the future,\u201d says Brad Oberwager, chairman of Linden Lab. \u201cHe and the High Fidelity team have unmatched experience and I can\u2019t wait to capitalize on the vast opportunity in front of us.\u201d<\/p>\n![\"\"](\"http:\/\/blog.zoha-islands.com\/wp-content\/uploads\/2022\/01\/High-Fidelity_Blog_Generic_v01-01-Jun-01-2021-07-29-33-18-PM-1-300x169.png\")
<\/strong><\/p>\n Hello (Again) to Second Life Founder Philip Rosedale <\/span><\/h1>\n<\/div>\n<\/div>\n<\/div>\n
\n![\"Lab](\"https:\/\/content.invisioncic.com\/Mseclife\/monthly_2022_01\/1026013392_LabGabYouTubeThumbnail-PhilipandOberwolf.thumb.jpg.1a4c8638373ddcacbbc20722168db760.jpg\")
<\/p>\nWelcome Back Philip! Finally Great News From The Lab.<\/h1>\n