Posted Thursday, October 19th, 2006, at 2:39 pm Eastern by Mark Wallace

Second Life resident Rik Riel has a good wrap of a press conference today at which the Macarthur Foundation announced “plans to build the emerging field of digital media and learning, committing $50 million over five years to the effort.” Perhaps to show their seriousness, the foundation simulcast the press conference via Second Life. One of the first grants they’ve made is to virtual economist Ted Castronova of the Terra Nova blog (nice going, Ted!), to help fund his creation of Arden, a Shakespearean virtual world in which Ted will be able to conduct economic experiments on the unwitting population. More to follow, so get your grant-writing hat out of the closet and get to work.


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