Linden Dollars are the currency of Second Life. In short Linden Dollars are called "L$"
Linden Dollars - in short LS - is the official and virtual currency in Second Life. The name comes from the creators of Second Life, the Linden Lab in San Francisco.
Players can use those Linden Dollars to buy and sell assets. Assets can come from own production or can be the result of an acquisition. Real estate, products and services are tradable assets.
What makes Second Life special is the interface between the real and the virtual world. Currencies play a major role here. Because it is possible to trade the virtual currency Linden Dollars in hard and real US-Dollars - and vice versa. Virtual and real world merge together. LindeX is the official trading platform for L$.
Similar to the existing financial markets, managers of Second Life try to stabilize the exchange rate of the L$ - and also inflation. The last 30 days the exchange rate of the L$ varies in a small bandwidth just under 270 L$ per US-Dollar. Supply and demand influence the exchange rate.
Some figures and facts to the topic:
- Gross national product of the "national economy" Second Life in 2006, calculated in Million US-Dollar: 64
- Price for a pair of nipples, that come close to the real ones in L$: 1.000
- Price for a figure in Second Life, that come close to the real body of actress Scarlett Johansson in L$: 2.000
- Estimated, daily trading volume in Million L$: 2