Virtual Currency | Engage Digital

Man Steals $12M In Virtual Chips From Zynga Poker

By On February 3, 2011 · 1 Comment

A British man named Ashley Mitchell has been convicted of stealing $12 million in virtual poker chips from the Zynga Poker social game. The 400 billion chips Mitchell stole by hacking into a Zynga server proved to be worth only $300,000 on grey market RMT sites. Mitchell was only able to sell about one-third of [...]

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MocoSpace’s Stage Hero Racks Up 350K MAU In First Month

By On February 1, 2011 · 1 Comment

Mobile social network MocoSpace has announced that its Stage Hero social game has acquired over 350,000 monthly active users in its first month of availability. Stage Hero is MocoScape’s second social game developed completely in HTML5 and launched in December 2010. Players average 2.5 sessions per day, with an average session length of 4 minutes. [...]

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FreeCause Offers Social Gaming Loyalty Suite

By On January 27, 2011 · 1 Comment

FreeCause announced its social gaming Loyalty Suite today, a platform currently used by sites like Sometrics’s GameCoins.com and game portal OMGPOP. FreeCause’s Loyalty Suite platform gives game publishers tools they can use to have increase player loyalty and engagement, including the ability to create online toolbars and shopping malls. Publishers can contact gamers directly with [...]

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Web Sales Up 104% For Second Life In Q4 2010

By On January 26, 2011 · 1 Comment

Virtual world Second Life has issued its quarterly virtual economy report for Q4 2010, announcing that web sales of virtual goods were up 104% by volume in comparison to 2009. Other annual metrics that posted growth included average repeat monthly log-ins (up 8%), average monthly economic participants (up 4.3%), and world size (up 5.8%). Quarter-over-quarter, [...]

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Facebook Testing Buy With Friends Feature For Facebook Credits

By On January 25, 2011 · Leave a Comment

Facebook has announced that it is testing a new Facebook Credits feature called “Buy With Friends”. The feature would let Facebook users announce virtual goods purchases from social games in their update stream. A friend could “unlock” a special virtual goods deal in the game through the update, which would allow other friends to participate [...]

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Facebook Credits To Become Mandatory On July 1

By On January 24, 2011 · 2 Comments

Facebook has confirmed that as of July 1st, Facebook Credits will be out of beta and mandatory as the sole direct payment method usable in social games running on the Facebook platform. Facebook has pushed for Credits exclusivity for quite some time, signing five-year exclusivity deals with a variety of the biggest social game developers. [...]

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gWallet Partners With Old Navy For Developer Challenge

By On January 20, 2011 · 1 Comment

gWallet has partnered with Old Navy for a $15,000 contest that challenges developers to make mock-ups that creatively integrate the Old Navy brand into a social network, game, or virtual world in original and effective ways. The contest begins in early February and will give competing developers ten days to complete their mock-ups. gWallet and [...]

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Nintendo Prices, Dates 3DS For North America

By On January 19, 2011 · 1 Comment

Nintendo has announced an official launch date and price point for the 3DS, which will go on sale in North America on March 27th for a suggested retail price of $249.99. The system will ship with the six augmented reality game cards that will be included in the Japanese edition of the 3DS. In addition [...]

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Groupon May Partner With Tencent To Open Chinese Market

By On January 17, 2011 · 1 Comment

Group-buying service Groupon is an “advanced talks” with Chinese Internet firm Tencent. The subject of the talks is a partnership that would let Groupon enter the Chinese market through a co-branded joint venture with Tencent, according to AllThingsD. Tencent operates China’s dominant social network and the QQ IM messenger, which monetizes through sales of virtual [...]

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