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Company type | Stock exchange/Second Life Owned by Hope Capital Ltd., a virtual public company |
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Industry | Finance |
Founded | Melbourne, Australia (2006) |
Headquarters | Hope Capital Island, Second Life |
Key people | Luke Connell, Chairman and CEO |
Products | Stock trading, banking, virtual office space rental |
Revenue | L$ 18.53 million (2007 till October 2) |
Net income | L$ 8.36 million (2007 till October 2) |
Number of employees | Unknown |
Website | https://wselive.com |
The World Stock Exchange, is a web-based fictional securities exchange developed using Ruby on Rails. The WSE enables virtual companies to raise capital while providing a chance for investors to build their wealth using the fictional Linden Dollar and World Internet Currency that can be sold for real US Dollars.
The World Stock Exchange began normal operations on March 7th 2007 and to date has achieved 25,000 user accounts, raised virtual businesses over L$145 million Linden Dollars and total Exchange Turnover exceeding L$480 million.
The WSE is well-established in the virtual world of Second Life and initially used the Linden Dollar currency in Second Life. In July 2007, the WSE completed the integration of a new fictional currency independent of Second Life called the World Internet Currency (WIC).
References
- "Hope Capital launches rival to Metaverse Stock Exchange". Reuters. 2007-01-12. Retrieved 2007-10-20.
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(help) - "Rival Second Life stock exchanges merge". Reuters. 2007-02-13. Retrieved 2007-10-20.
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(help) - "Hope Capital shares plunge amid Altman sell-off". Reuters. 2007-03-19. Retrieved 2007-10-20.
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(help) - "Virtual Stock Exchange Opens in Second Life". Wall Street and Technology. 2007-03-16. Retrieved 2007-10-20.
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(help) - "Another life". Australian IT. 2007-04-03. Retrieved 2007-10-20.
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(help) - "World Stock Exchange hit by L$3.2 million theft". Reuters. 2007-07-25. Retrieved 2007-10-20.
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(help) - "You Only Live Twice". Four Corners. ABC. July 2007. Retrieved 2007-10-20.
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(help) - "Special Feature: Make your money count!". SL Reports. 2007-09-05. Retrieved 2007-10-20.
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(help) - "Salt in the Wound: WSE Price Regulation of GPB". Opinions. SL Reports. 2007-09-11. Retrieved 2007-10-20.
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(help) - "Interview - LukeConnell Vandeverre, World Stock Exchange". SLOZ. 2007-04-20. Retrieved 2007-10-20.
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(help) - "Interview Two - LukeConnell Vandeverre, World Stock Exchange". SLOZ. 2007-08-05. Retrieved 2007-10-20.
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(help) - "Betting On Second Life Stock Exchanges". Tech Crunch. 2007-08-20. Retrieved 2007-10-20.
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(help) - "Welcome To The World Stock Exchange (virtual)". American Chronicle. 2007-08-27. Retrieved 2007-10-20.
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(help) - "Virtual Exchanges Get Real". BusinessWeek. 2007-08-10. Retrieved 2007-10-20.
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External links
- "World Stock Exchange". Official website. October 20.
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