Anshe Chungs Latest Press Release Rating Options

[Darkscorp]

Anshe Chung Studios to Link Virtual World Economies

Creating the first financial market and financial services infrastructure that spans multiple virtual worlds.
Plush City @ Second Life, New Oxford @ Entropia Universe and Wuhan, China @ Real Life 21-May-2007

Anshe Chung Studios is preparing to launch a virtual financial market, financial products and a set of services that are going to, for the first time, allow direct capital flow and investment across virtual world boundaries. This step will be the first of many in the creation of an open, cross platform Metaverse economy that transcends individual virtual worlds.

"Some virtual worlds like Second Life ®, Entropia Universe ® and IMVU ® have demonstrated the enormous economic potential that exists when key sectors of a virtual world economy such as content creation, trade, banking and services are privatized. This has lead to a boom in each of these worlds that has yet to be matched by any other economy, real or virtual", says founder Ailin Graef a.k.a. Anshe Chung. "Now the time is right to go further and link these exciting spaces together, to begin with the creation of the global Metaverse."

"In the real world, the flow of capital and investment across national borders has always been a driving force for political progress, economic reforms and the emergence of a global conscience and economy", adds Guni Graef, CEO. "We believe that allowing residents in a virtual world, no matter which one they have chosen to live in, to easily diversify their portfolio of virtual investments into other virtual worlds is going to lead to a paradign shift. At ACS we are convinced that once capital is flowing freely, people, goods and services will follow and eventually we will see incentive and pressure for the emergence of open tools and standards. It is our vision that one day even traveling across virtual worlds and taking your belongings with you should become as easy as a mouseclick."

The new financial market will allow Second Life residents to invest their Linden DOLLARS (L$) directly in ventures such as banks, malls or biospheres in Entropia Universe while those who earned their fortunes in Entropia dollars will be able to easily diversify their investments into assets such as Second Life virtual land funds, virtual game development businesses or the IMVU fashion design industry.

Currently the trading platform and ATM links are operational and undergoing testing with a select group of investors. The public launch is slated for early June with several high profile virtual company IPOs to lead the way to a new culture of cross platform virtual investment.

No real money trades will be involved.

While not widely publicized, ACS and Anshe Chung have been a driving force behind the establishment of a financial sector in Second Life from the very beginning, funding services such as SLExchange, the World Stock Exchange as well as providing over a hundred million L$ of investment to more than 50 virtual enterprises in Second Life. With AnsheX, the Anshe Chung Studios operate the largest virtual currency exchange for IMVU and the second largest exchange for Second Life currency. The recent acquisition of one of only five existing banking licenses in Entropia Universe makes ACS a major player in the financial markets of Entropia, rivaling real life banks and established resident tycoons in that space.

Entropia Universe, created by the Swedish company Mindark SA, is the first major virtual game world that introduced an open economy: legalizing real money trades (RMT) and privatizing major economic sectors such as trading, banking and virtual real estate.

Second Life, developed by San Francisco based Linden Lab ®, has broken new ground as a widely open ended collaborative virtual space that is almost entirely driven by user created content and third party developers. Imagined and created by its residents, the Second Life world has experienced an explosion of creativity and entrepreneurship that makes it even reminiscent of open platforms such as the World Wide Web or Microsoft Windows.

Since 2004, the Anshe Chung Studios (ACS) has been the global leader in virtual real estate development on open virtual world platforms. Originally founded by Anshe Chung as an entirely virtual business in Second Life, it has evolved into a real company with more than 60 full-time employees turning over millions of dollars per year with virtual real estate, content development and virtual financial services. In 2007, ACS received high profile venture capital investment and has begun to branch out into additional virtual worlds. Besides thousands of virtual world residents and pioneers, ACS helped key clients such as Fortune 100 companies, churches and governments to benefit from virtual worlds.

Read it here

[Erasmus]

Damn, that's good writing! A little smoke and mirrors (invest in biospheres!?) to get headlines, but with enough real fire underneath for credibility. That piece will get picked up across a range of media for sure.

[Erasmus]

Anshe is currently opening several cans of worms over on EF, where talking about SL is evidently not only allowed now, but encouraged O.o

But a more serious issue involves trading PEDs outside the EU environment which must be causing fits over at MA. While I personally welcome the initiative to open things up and build some bridges to the little EU island, her plan is in clear violation of the EULA and I wonder how this will be worked out without either party losing face ... or credibility.

I sure hope everyone involved can see the benefits of ironing out the differences ASAP. While Anshe's initiative could take EU to the next level, something that MA has had great trouble achieving, it would also require profound philosophical changes over in Sweden.

This post has been edited by Erasmus: May 19 2007, 05:51 PM

[Rob]

Anshe is currently opening several cans of worms over on EF, where talking about SL is evidently not only allowed now, but encouraged O.o

But a more serious issue involves trading PEDs outside the EU environment which must be causing fits over at MA. While I personally welcome the initiative to open things up and build some bridges to the little EU island, her plan is in clear violation of the EULA and I wonder how this will be worked out without either party losing face ... or credibility.

I sure hope everyone involved can see the benefits of ironing out the differences ASAP. While Anshe's initiative could take EU to the next level, something that MA has had great trouble achieving, it would also require profound philosophical changes over in Sweden.

Wow, they are teearing her apart over there. I just read her thread over there and most peopel are ripping in to it. Which also makes me bring up something else.

With a far more open minded community here, most of which understand the concepts behind both EU and SL, why didn't she do that thread here instead of there? Makes no sense to me other than it being a bit of a bigger forum. She would have done far better good being an active member of the EU community here. Aura, maybe you can get her to be more active here and show her the light?

[Dino]

Anshe is currently opening several cans of worms over on EF, where talking about SL is evidently not only allowed now, but encouraged O.o

(IMG:http://virtualmindhive.com/forum/style_emoticons/default/shok.gif) Just another sign of the apocalypse!

Every time I think of EF I am reminded of that Wired magazine article something like "I really though the game was great until I went onto the fan forum."

[nvcK]

I just had to be the first person from EU who bought the stocks =) Ball is on MAs side of the court now and I believe they will do the right thing and let this awesome idea happen. After all, there should be much more money going SL -> EU than the other way considering how developed and populated each one of them is.

This post has been edited by nvcK: May 19 2007, 06:39 PM

[Aziphirael]

Well think its an excellant idea and creates something interesting for EU both in terms of services and just generally seeing crossover between EU and SL and vice versa.

It will be interesting to see how MA reacts or whether they have been in discussions already about this. The problem is that if MA forces Anshe's to stop what she is doing, I don't think she will be happy and that in turn could cause a PR nightmare.

Interestingly enough, by going very public with the service do you think she is basically forcing MA to react? If a few big news sites pick this up it will be very difficult for MA to suddenly turn around and say "sorry this is against the EULA, so we're banning/stopping her company from doing this." It would look very foolish.

[Darkscorp]

Anshe is currently opening several cans of worms over on EF, where talking about SL is evidently not only allowed now, but encouraged O.o

But a more serious issue involves trading PEDs outside the EU environment which must be causing fits over at MA. While I personally welcome the initiative to open things up and build some bridges to the little EU island, her plan is in clear violation of the EULA and I wonder how this will be worked out without either party losing face ... or credibility.

I sure hope everyone involved can see the benefits of ironing out the differences ASAP. While Anshe's initiative could take EU to the next level, something that MA has had great trouble achieving, it would also require profound philosophical changes over in Sweden.

Wow, they are teearing her apart over there. I just read her thread over there and most peopel are ripping in to it. Which also makes me bring up something else.

With a far more open minded community here, most of which understand the concepts behind both EU and SL, why didn't she do that thread here instead of there? Makes no sense to me other than it being a bit of a bigger forum. She would have done far better good being an active member of the EU community here. Aura, maybe you can get her to be more active here and show her the light?

Anshe had decided to open the sub-forum on EF because of its popularity. She wants to become as visible as possible to as much of the community as she can.

At the moment she is testing the waters,so to speak, to see what kind of feedback she will get. She's fully aware of the possible flame fests and is well prepared for that.

If you take note tho as to who's really naysaying the possible changes that are coming?

They are the ones that fear it the most.....;)

The EULA is an issue.....tho I think there may be more than meets the eye with Anshe.... (IMG:http://virtualmindhive.com/forum/style_emoticons/default/lol2.gif)

[Rob]

Anshe had decided to open the sub-forum on EF because of its popularity. She wants to become as visible as possible to as much of the community as she can.

At the moment she is testing the waters,so to speak, to see what kind of feedback she will get. She's fully aware of the possible flame fests and is well prepared for that.

If you take note tho as to who's really naysaying the possible changes that are coming?

They are the ones that fear it the most.....;)

The EULA is an issue.....tho I think there may be more than meets the eye with Anshe.... (IMG:http://virtualmindhive.com/forum/style_emoticons/default/lol2.gif)

Very true. Just would have preferred to read something like that over here instead of there. Plus, I don't think I have seen one post from her on here even though she is a member. And, most likely, she would have gotten far better constructive feedback here than over there.

But to each her own. I hope it helps her out in the long run and maybe she'll stop over here for a visit or talk.

[Aziphirael]

Well one thing to note is that the Bank Licenses supposedly come with some kind of mechanism to link to the outside world. But I had assumed that was only available to financial institutions. But well maybe theres more to this then it appears ;-)

[Dino]

Interestingly enough, by going very public with the service do you think she is basically forcing MA to react?

I don't know if she's doing that but from what I can gather that would be very much her style.

Good for her.

[Erasmus]

Interestingly enough, by going very public with the service do you think she is basically forcing MA to react?

I don't know if she's doing that but from what I can gather that would be very much her style.

Good for her.

It sure looks like she is playing a hand of poker with them.

I seriously doubt that there is has been any backroom dealing between a participant, albeit a very rich one, and MA ... violating the EULA. That would piss off way too many depositing participants, for good reason!

We shall see if MA is awake at the switch or if we are going to watch a train wreck! Let common sense prevail for the sake of getting EU the visibility and traffic it deserves.

[Anshe]

Sorry, I did not mean to neglect this forum. It is just important to find out how people feel and what standpoint they have.

[cK Vap0r]

Going to be a fun one, thats for sure lol
I'm not a prophet but I see the EULA getting some additional changes made in the very near future eh !

[Rob]

Sorry, I did not mean to neglect this forum. It is just important to find out how people feel and what standpoint they have.

No problem Anshe....nice to see you over here.

[Erasmus]

Sorry, I did not mean to neglect this forum. It is just important to find out how people feel and what standpoint they have.

Glad to see you watching over here too. You will find a somewhat different audience which adds to the diversity of EU.

... and most of us on mindhive already have both Lidden dollars and PEDs in our virtual pockets :rolleyes:

[Dino]

*Dino waves to Anshe

Nice to see you peek in here

[Anshe]

I think IPO is going well :-)

You know how difficult this is: totally new concept and all, complicated signup process and manual deposit/withdrawal with staff in Wuhan. And also I am still newcomer to EU, so need build trust.

Still, people are buying. It seem even possible the IPO will get filled by Entropia people alone. If this work out as it seem to work out, then this bank will really become community thingy. I think this is exciting :-)

[King Buzzo]

I think IPO is going well :-)

You know how difficult this is: totally new concept and all, complicated signup process and manual deposit/withdrawal with staff in Wuhan. And also I am still newcomer to EU, so need build trust.

Still, people are buying. It seem even possible the IPO will get filled by Entropia people alone. If this work out as it seem to work out, then this bank will really become community thingy. I think this is exciting :-)

What is the IPO thing you speak of?

Oh, and welcome :D

[Wanda]

I think its a great idea.

People maoned to MA for years about getting their money out - Anshe walked in and within months made it possible (kinda).
Even people who do not play SL should see the value of making an account there, transferring peds into Lindens and then withdrawing through paypal.

Why wait three months when you can have your cash in a week?