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Though I read the announcement on this last night, I held off on writing it for a couple of reasons:

1. I wanted to get a few questions answered.
2. I actually have stuff to do in RL which takes me outside and away from virtual worlds.

That said, I asked Bogart Beck more about the why of this. The truth is that the last time I checked (which was a while ago), Bogart Beck already had a very respectable share of SLCapex related things, so why take it further?

The answers were pretty solid. One reason is that Scott Nestler and Bogart Beck are so invested in SLCapEx that they wanted more control of the platform - and it follows that they want to make sure that SLCapEx maintains a steady keel in the long haul. All good reasons - it really is a vote of faith in SLCapEx, as well as SLWallet which may now have the finance to come to completion.

This is a pretty bold move - which is simply putting it mildly. The good news for investors is that this will also help alleviate SLCapEx debt and therefore share value.

Since I've been out of the loop for a while, I'm not sure what to think of this. On the surface, it looks good and perhaps even overdue. Yet it's the unexpected twists and turns of the metaverse - via policy and lack of it - that makes the virtual world exchanges such an interesting place.

Time always tells, and time moves faster in virtual worlds. Ask anyone who has run into a landbot. ;-)