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Second Life Loses Gamblers But Finds God: Page 2 of 3

Such talk comes at a time when financial institutions in Second Life such as World Stock Exchange and Ginko Financial have had to close temporarily for security and liquidity reasons, respectively.

And while not everyone agrees that there's a financial crisis brewing, some of the economic statistics show that the Second Life economy has taken a hit.

A chart from the Reuters Second Life bureau, for example, shows the number of U.S. dollars spent in Second Life per day declining from more than $2,000,000 on July 26, the day the gambling ban was announced, to about $800,000 on July 30.

Also, the average number of Linden dollars spent on each square meter of land in Second Life has also declined this month, from L$ 9.0743 in June to L$ 8.4875 as of Monday.

Nonetheless, with more than 8 million registered users, Second Life isn't in danger of disappearing overnight. Some people even believe that Linden Lab's effort to clean up Second Life is a prelude to a play for mass-market appeal and acquisition by Fox Interactive Media, owner of MySpace.com.