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I remember an online VRML pseudo-MMO that pre-dated SecondLife and friends by quite some time in the late 90s. I think it was called CyberCities or something.

I remember thinking how huge it was going to be.

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I believe you're thinking of Cybertown by Blaxxun Interactive.

That's the one.

Cybertown was great. You could import your own VRML created objects to sell in the market for virtual currency; e.g. furnishings for people's homes.

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