51 minutes ago
Wednesday, March 25, 2020
Second Norway In Trouble, Economic Effects of Coronavirus Blamed
I am sorry to inform that due to year of deficit and the current corona crisis, job loss and failing krone exchange rate, Ey Ren are no longer able to keep the ship afloat. LL has closed his account. Ey has contacted LL and the other owners of Blake Sea in hopes of reaching an agreement for further existence of SN and SCE. Make sure that you pick up your no copy objects. I don't know the timeframe when the region goes offline. Unfortunately, I have no more information at this time.
Hello everyone, as you might have heard the SN estate is closing. This is mainly due to the current financial situation you see all around now a days. The owner is in contact with LL and other estate owner around to see if there is a possibility to keep some regions down in SCE, We do not have an exact time frame when things will go down yet. We will give out more information as we learn it.
I would like to thank everyone who has rented and enjoyed the estate, we have had a blast hosting
As it turns out, the value of Norway's currency has gone down quite a bit in the past few months. According to Wikipedia, "as of October 2019 is worth about 9 NOK. During the corona crisis 2020, the NOK fell heavily, making one USD cost 12.00 NOK on 19 March 2020."
Second Norway is located at the east end of the Blake Sea area, consisting of a little more than forty sims.
Tori wondered that it might not belong before there would soon be more estates closing, "My advice is... DO NOT pay your tier more than a week or two ahead at a time so as to cut your potential losses if they tank on you." With the shutdowns around the world due to the Coronavirus, with people out of work and businesses closed, this very well could start to happen in places in which the owner was already in trouble or didn't plan ahead.
Posted by Bixyl Shuftan at 6:04 AM
Labels: Blake Sea, closing, closure, estate, financial, Second Life, Second Norway, Secondlife, sl, trouble
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What a shame SNO was a nice place to visit. I wonder how many more places will close down in SL as people lose their jobs and cannot afford to pay tier? Will LL make it through this crisis? yes more people are logging on, but are they spending money? If fewer people can afford to pay for land, will this close down the grid since land tier is how the lab makes a lot of their money.ReplyDelete
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