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‘Virtual currencies’ power social networks online games

Posted on May 20, 2009 12:23:23 AM

The News Review:

- ‘Virtual currencies’ power social networks online games
- nline Game Platform VoxPop.TV Lands $1.5 Million
- Fashion Fantasy Game Joins Glam Media Network
- Cavs live pre-game show: Watch in person or online
- Poptropica – A Free Flash Game That’s Fun For The Whole Family

‘Virtual currencies’ power social networks online games
CNN
All of this movement leads some experts to see a future in which virtual currencies enter the same trading space as their real-world counterparts. The online monies are not robust enough to trade competitively against real-world currencies but people underestimate the large amount of cash that is transferred from the real world into virtual currencies said Edward Castronova a professor of telecommunications at Indiana University. Castronova says people transfer at least $1 billion into the virtual currencies each year with most of that money going into online games. The actual amount is could much higher he said but the market is hard to quantify. "The question is really one of scale" he said. "Is this big enough for someone to take their 401(k) [out of real-world currency] and start looking into this? No absolutely not. " Sometimes people collect online money simply by purchasing it.

nline Game Platform VoxPop.TV Lands $1.5 Million
Digital Media Wire
Previous investor True Ventures which led the company’s initial round in 2007also participated. The company said that it will use the proceeds to acceleratethe product and market development of its gaming platform. Founded in 2006 byBill Armistead Mike Derezin and Michael Hoffman VoxPop is the developer of anonline platform designed to let publishers rapidly convert their existingcontent into online games focused around current events and topics. Clientsinclude CNN Entertainment Weekly MTV and Wired Magazine.

Fashion Fantasy Game Joins Glam Media Network
Business Wire (press release)
Fashion Fantasy Game Joins Glam Media Network. css to create the news presentation used by BW.
Related from Bloggingrssmonster: Glam Media Launches Tinker.com – The First Twitter & Facebook …

Cavs live pre-game show: Watch in person or online
The Plain Dealer – cleveland.com
at Flannery’s at 323 E. Prospect just a stone’s throw from The Q. The Cavaliers are in the Eastern Conference Finals for the second time in three seasons and Cleveland.

Poptropica – A Free Flash Game That’s Fun For The Whole Family
Wired News
The kids these days just don’t know how good they have it: XBox Playstation Wii PSP DS PC online download kid-focused MMRPGs. The possibilities are nearly limitless. So when my daughter came home saying she really really really wanted to play an online game called. Poptropica is a free Flash-based game designed for kids ages 6 to 15.

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