Linden Lab made an official announcement on Tuesday 18th October about Tilia managing to secure a new strategic investment from J.P Morgan Payments to help “further enhance Tilia’s current capabilities throughout its processing platform including providing increased payment and payout methods, expanding pay-out currencies and support services”
“Virtual economies represent a huge financial opportunity particularly for game, app and virtual world developers,” said Brad Oberwager, Executive Chairman of Tilia LLC.“
See below for the full blog announcement on the via the official Second Life blog.
We’re excited to share with the Second Life community some news about Tilia LLC, the all-in-one payments platform that powers the metaverse. Tilia was originally built and continues to support the Second Life economy.Tilia today announced that it has secured a new strategic investment from J.P. Morgan Payments. In addition to the investment, Tilia is also working with J.P. Morgan Payments to further enhance Tilia’s current capabilities throughout its processing platform including providing increased payment and payout methods, expanding pay-out currencies and support services.
What do you think about this new investment?
Basically since the start of 2022 Second Life gained 200+ Private Estates then lost roughly 200 Private Estatesk which is concerning to say the least. If downward rates continue as they are or get much worse then you can expect to see Private Estates drop under the 18, 000 mark before the end of 2022.
In early January 2022 there were 18, 332 Private Estates on the grid and there was positive net growth that followed for months. Back in late July 2022 there were 18, 326 Private Estates. A declining pattern has been happening since July 2022 for some reason.
During the past month it appears that Private Estates have dropped by -29 regions from 18, 164 in September 2022 down to 18, 135 as of 17th October 2022 via the Second Life Grid Survey.
It’s important to mention that back in early January 2020 private estates was around the 16, 036 mark. Back in late January 2011 there was like 24, 815 private regions on the grid. Private Estates have gone up and down a lot during the past 11 years.
Inflation globally and other factors will have a critical part during the next 2 – 6 months or so which will effect the Second Life grid statistics most likely. I hope we will see growth again soon in Private Estates in Second Life.
I remember a few years ago or so when the grid regions declined by the hundreds every month and I hope we won’t see that happen anytime soon.
I will publish another update on the region numbers in November 2022 and in December 2022 to report changes.
What are your predictions for private estates for the rest of 2022 and 2023+ in Second Life ? Please share your views in the comments section below.