Welcome to Virtual Currency News!
Virtual Currency has emerged as a massive industry. The ability to exchange real world cash in exchange for virtual currency to be used to complete “micro-transactions” online for virtual goods and gifts is an incredibly lucrative opportunity.
With the explosion of social network platforms such as Facebook, MySpace, Bebo, Quepasa, Hi5 and many others, virtual currency has emerged as the method of payment that makes the most sense for completing “in-network” transactions.
Social Games that are now a staple of social networks provide a glimpse into the future of virtual currency. The ability to easily invite and prod your friends into playing a game on a social networking site like Facebook has created an incredible opportunity for developers to leverage the social graph and platform.
Companies like Zynga, Playfish and SGN are rushing to capitalize on the explosive growth and monetization potential of social games by releasing titles that absolutely blow away traditional end user enrollment models. As online members begin to attribute emotional values to virtual goods such as in-game items and gifts, they have begun to open their wallets and purchase virtual currency for payments.
Massive Multiplayer Online Games such as World of Warcraft and Virtual Worlds such as Second Life also provide emerging yet basically stable economies where virtual currencies are already established.
VirtualCurrencyNews.com is a headline news aggregator that provides brief summaries and links to the top stories breaking in the rapidly evolving virtual currency industry. Rather than paraphrasing existing content from News articles, Press Releases and blogs, we provide a sentence or two to wet your appetite and a direct link to the original article. The concept is to keep the site simple and fast.
Virtual Currency News is your online resource to locate news and information about this incredible online phenomenoon.
The Virtual Currency News Team