Second Life Founder Returns and Slams 'Big Tech' | CoinMarketCap

Philip Rosedale has announced that he is returning to the virtual world platform as an advisor — and clearly isn't a fan of Facebook's plans.

1/17/2022 1:21:00 AM

Second Life's second coming 🔥 Eighteen years after the virtual world first launched, the platform's founder is returning — and plans to offer a better metaverse than Big Tech 💪

Philip Rosedale has announced that he is returning to the virtual world platform as an advisor — and clearly isn't a fan of Facebook's plans.

Second Life was arguably before its time — and the online virtual world first opened to the masses all the way back in 2003.Fast forward18years, and the metaverse is beginning to gain traction. Adamant that this will play a prominent role in the future, Facebook has even rebranded to Meta.

Now, Second Life's founder Philip Rosedale has announced that he is returning to the company as an advisor — making a cash investment as the platform cultivates "an innovative, inclusive and diverse metaverse where its inhabitants' ingenuity drives real-world value for themselves and others."

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Table of Contents Second Life was arguably before its time — and the online virtual world first opened to the masses all the way back in 2003. Fast forward 18 years, and the metaverse is beginning to gain traction. Adamant that this will play a prominent role in the future, Facebook has even rebranded to Meta. Now, Second Life's founder Philip Rosedale has announced that he is returning to the company as an advisor — making a cash investment as the platform cultivates "an innovative, inclusive and diverse metaverse where its inhabitants' ingenuity drives real-world value for themselves and others." Rosedale didn't mince his words in a news release unveiling his return. Declaring that "no one has come close to building a virtual world like Second Life," he added: "Big Tech giving away VR headsets and building a metaverse on their ad-driven, behavior-modification platforms isn't going to create a magical, single digital utopia for everyone. Second Life has managed to create both a positive, enriching experience for its residents — with room for millions more to join — and built a thriving subscription-based business at the same time. Virtual worlds don’t need to be dystopias." Second Life also argues that it's in pretty good shape considering its vintage — and has just concluded "one of its strongest years ever." It claims that annual GDP within its ecosystem hit $650 million