High Fidelity is an open VR world.
Categories

High Fidelity launches Avatar Island with blockchain-based digital economy

  • Posted byby Dean Takahashi
  • Updated
  • 5 min

High Fidelity is unveiling Avatar Island, a virtual reality domain where users can buy and sell items based on a blockchain service.

The move paves the way for buying and selling user-generated virtual goods, similar to what Philip Rosedale, CEO of High Fidelity, made possible with Second Life, the virtual world he created when he founded Linden Lab in 1999. But at his new company, Rosedale is trying to modernize the commerce system and open it up so it can be far more empowering for both users and creators.

Unlock premium content and VIP community perks with GB M A X! Join now to enjoy our free and premium perks. 

Join now →

Sign in to your account.

Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.