5 Most Ambitious Metaverse Companies in the World

In this article, we will discuss the 5 most ambitious metaverse companies in the world. You can see our detailed discussion regarding the metaverse industry, its dynamics, and its future outlook, by going to the 13 Most Ambitious Metaverse Companies in the World.

5. Linden Lab

Market Capitalization: N/A

Linden Lab is an American technology company that is best known as the creator of Second Life, a multimedia platform that allows users to create their own world. Second Life is one of the largest and most successful virtual worlds to date. As of 2021, over 900,000 creators around the world are involved in the continuous development of the platform, making new content and experiences. Users of Second Life, also known as residents, earn profits from selling digital assets on the platform’s marketplace.

The company wholly owns Tilia, a licensed money transmitter and registered money services business. Tilia was developed for processing payments and providing financial services to the Second Life Community in compliance with U.S. laws and regulations through Tilia Pay. This January, Tilia announced a strategic collaboration with Unity Software Inc. (NYSE:U) to support virtual economies for game and metaverse developers.

On January 14, 2022, Philip Rosedale, the founder of Linden Lab, announced that he will be rejoining the company as a strategic advisor to guide Second Life’s journey into the metaverse. Philip Rosedale pioneered what has recently been hyped by Meta Platforms, Inc. (NASDAQ:FB). Mr. Rosedale incorporated metaverse concepts which include digital identity, virtual real estate, digital economies and online multiplayer ecosystems in 2003, when Second Life was released.