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Second Life users (also called residents) create virtual representations of themselves, called avatars, and are able to interact with places, objects, and other avatars.

They can explore the world (known as the grid), meet other residents, socialize, participate in both individual and group activities, build, create, shop and trade virtual property and services with one another.

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After four months Rosedale abruptly stepped down from the Interim CEO position.

It was announced in October 2010, that Bob Komin, Linden Lab's chief financial officer and chief operating officer, would take over the CEO job for the immediate future.

Built into the software is a 3D modeling tool based on simple geometric shapes, that allows residents to build virtual objects.

There is also a procedural scripting language, Linden Scripting Language, which can be used to add interactivity to objects.

In 2015 alone, Second Life users had cashed out approximately $60,000,000 (60 million US dollar) and Second Life had an estimated GDP of $500,000,000 (500 million US dollar), higher than some small countries.

During a 2001 meeting with investors, Rosedale noticed that the participants were particularly responsive to the collaborative, creative potential of Second Life.A single resident account may have only one avatar at a time, although the appearance of this avatar can change between as many different forms as the Resident wishes.Avatar forms, like almost everything else in Second Life, can be either created by the user, or bought pre-made.The platform principally features 3D-based user-generated content.Second Life also has its own virtual currency, the Linden Dollar, which is exchangeable with real world currency.They may choose even more abstract forms, given that almost every aspect of an avatar is fully customizable.

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