Home › DMW Daily › September 24, 2007

Facebook Virtual Currency Acebucks Raises $1.5 Million

Authored by Mark Hefflinger on September 24, 2007 - 8:59am.

New York - Acebucks, a developer of virtual currency used within the Facebook online social network, has raised $1.5 million in new financing, AllFacebook reported.

Acebucks developer Aryeh Goldsmith partnered with Michael Lazerow to form Buddy Media, whose investors include Howard Lindzon, Peter Thiel, Mark Pincus and James Altucher.

New York-based Buddy Media said it aims to make Acebucks the primary virtual currency on Facebook, and plans to make it available for developers to integrate into their own applications.

Facebook users earn Acebucks for adding applications, taking surveys, playing games, referring friends or opening up a virtual store, which they may then spend in the company's Acebucks Mall, or use them to bid on real-world items like an iPhone, iPod, or gift certificate.

Acebucks said that so far, more than 100,000 Facebook users have opened Acebucks accounts.

 

Related Links:
http://www.allfacebook.com/2007/09/breaking-acebucks-raises-15-million

http://www.buddymedia.com

Published in DMW Daily, September 24, 2007
tags: Deals | VC | Social Networking | Facebook | Virtual Currency | Acebucks | Buddy Media |



Comments

See also Zuckerbucks

Submitted by Adam Loving (not verified) on September 24, 2007 - 10:47am.
Please also check out Zuckerbucks (http://apps.facebook.com/zuckerbucks/). We’ve been around as long as Acebucks, and have a more complete feature set, including: * API that any app developer can sign up for. * Sponsored auctions where you can spend your Zuckerbucks for real-life products. * Integrated “Profile Plot” virtual real-estate game * Integrated market place where Zuckerbuckers are trading goods * Integrated service provider directory Thanks!

Virtual worlds are hugely

Submitted by travis (not verified) on February 17, 2009 - 9:18am.
Virtual worlds are hugely popular online but retailers still often struggle with how to market via these worlds. As marketing budgets are being cut, retailers need to make an ever stronger case for new initiatives.Facebook online social network is a great outing for those who have spare time,as it is fun as well as a good earing process. ------------------------------------------------------------- travis real estate

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