Wednesday, August 13, 2008

Waterhead region

The place I appeared once I logged in for the first time is the Orientation and Help Island. This is where you learn the basics of SL. This is where SL teaches you about Avatars, transport, mouse movements & communication. The first place I saw after that is called the Welcome area. It is the starting point for all newbie residents in the SL world. Originally, the Welcome area was in Natoma in 2002 which moved to an area called Ritch in 2003. Currently, SL has three welcome areas: the Ahern/Morris region, another in Lime/Plum and a newer one in the Waterhead region. Arriving at the Welcome area can be a bit disconcerting. You will see humans no doubt but also aliens, devils, vampires, furries, animals, insects, robots. You may even see a dragon. Usually there is a Linden or two patrolling the welcome area, available for advice. I learnt the hard way not to accept advice from strangers. Some folks will come and try to sell you strange items. Sell? How am I supposed to buy stuff in a virtual land? Well, this is where I learned that SL has its own currency called Linden dollars (L$). Premium accounts receive a weekly stipend (paid in Linden dollars). That’s one of the special features. And since the real world payment can be tendered in L$, there is an actual currency exchange rate of around L$ 270 to one US dollar. In-world currency exchanges and ATMs allow residents to change real world currencies to L$. It took me some time to come to terms with this fact – a virtual currency that has real value!

Stay in the welcome area for as long as you take to familiarise yourself with this new environment. Only when you decide to set up a home for yourself should you venture out. This brings us to the other special feature of premium membership and of SL itself. Premium membership comes with 512 square meters of land. This is actual virtual land that you own in SL. And this is where the fun begins. You can do anything you want on this land. Using the tools provided in SL, you can build your dream home or build a store to start your business. Build some strange but interesting structure that everyone will come and see. Buy an island and create your tropical paradise, modify the landscape, expand it, maybe build your own continent. And if you lack imagination, you could just sell it to someone willing to buy it from you in Linden dollars – the in-world currency. Why would you want to sell your land? Well, you could buy some more land with it. Or use the money to fund your virtual bookstore. For the last three years, thousands of residents have bought land to build their houses, offices, nightclubs, spas and resorts.

For Complete IIPM Article, Click on IIPM Article

Source :
IIPM Editorial, 2008
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative

Read these article :-
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IIPM in Financial times (Print Version)
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