Entries in the 'Virtual Worlds' Category

Parents need to play in the ‘Sandbox’ - and marketers can help

I attended the recent Sandbox Summit on technology and playtime in New York.  The first Sandbox Summit was held at CES earlier this year, and founders Wendy Smolen and Claire Green moved it to Manhattan for round two.  Starting with a presentation by Google Creative Labs’ Andy Berndt, much of the discussion focused on the opportunities for collaboration and creativity online.

MIT Media Lab’s Mitch Resnick discussed the Media Lab’s Scratch, a site that lets kids upload and add to each other’s projects, such as stories, games and animated characters, all created by kids.  Dizzywood founder Scott Arpajian shared Dizzywood’s use as a classroom tool to get kids working together on projects in the eco-friendly virtual world.  Offline, Leapfrog’s Jim Gray presented the company’s Tag Reading System, which lets parents know what their child is learning and interested in even if they can’t be there to read the bed time story. [Read more →]

Virtual Worlds Growing like Gangbusters

Lively Avatar Second Life WeeWorld

Increasingly consumers are “living” online in social networks, online communities, and virtual worlds. We exist on the web as either A) accurate representations of ourselves (i.e. posting resumes on LinkedIn or picking a hair and eye color for our avatar that matches our own) or B) as the fantastical personas of our dreams (i.e. the one with purple hair, super powers and being 5 or 10 lbs lighter than we are in real life). The appeal? Making connections, and having fun while doing it.

Virtual Worlds Management, a virtual worlds trade media company, just announced this week the findings of its latest investment research. Apparently VC and media firms have invested more than $161 million dollars in 16 virtual worlds-related companies during the second quarter of 2008. Add that to the $184 million dollars invested in 23 virtual worlds in Q1, and that makes a total of $345 million invested in the first 6 months of this year.

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