Coming: The Oscars of virtual worlds

The tycoons, Anshe Chung of Second Life fame and Neverdie of Project Entropia riches said Tuesday that they are planning to launch what amounts to the Oscars of virtual worlds.

The so-called Virtual World Awards will celebrate the best achievements in visual artistry, technology, commerce and culture, the two said in a press release.

The idea is to produce the awards ceremonies in the respective virtual worlds. Submissions are being taken from now until November 15. Nominees for the awards will be announced next February, and the awards will be announced sometime after that.