Numerous companies ranging from Kwedit to Visa are racing to offer consumers the best virtual currency solution for playing social games and buying virtual goods on Facebook. Articles and analysis by:
TechCrunch analyzes Kwedit for social games
Geek With Laptop breaks down Kwedit
VentureBeat – Even more Kwedit analysis
PR NewsWire (Kwedit Press Release)
” The report details how social game developers organize their teams and publish on a frequent update schedule, with numerous iterations aimed at getting more users to play and share the games. It also describes the mechanics and designs of social games and what makes them unique, as well as monetization trends.”
ReadWriteWeb discusses Facebook’s progression into a massive advertising platform
Mashable discusses three potential massive revenue streams for Facebook
Reuters discusses Facebook achieving “Technological Lock – In” status.
UPDATE: 03/02/2010 ReadWriteWeb discusses report about estimates of Facebook earning 1 Billion in 2010.
UPDATE: 03/06/2010 Silicon Republic has an article where Colm Long from Facebook says that virtual currency monetization on Facebook can eventually eclipse revenue from ads on the the network.