PlaySpan raises $16.8 million for gaming virtual goods platform
Virtual goods sales are starting to look better than real world goods sales these days. PlaySpan announced today that it has raised $16.8 million for its virtual goods platform and online payments business for online games.
Karl Mehta, chief executive of the Santa Clara, Calif.-based company said PlaySpan will use the money to expand into new markets overseas and investigate opportunities for its platform on social networks. The company makes both the system that lets game… Continue Reading
PlayerAuctions sets up exchange for digital assets in online games
PlayerAuctions, a startup backed by a big Korean company, launched its digital asset exchange for online games today.
The company is tapping into the demand for markets that allow game players to profit from their heavy investment of time into massively multiplayer online games such as World of Warcraft. Through the secure auction process on PlayerAuctions, for instance, someone could spend alot of time collecting gold in a game and then sell it to the highest… Continue Reading
Live Gamer scores a virtual trading deal with Magma Studios
The way the stock market is going, I wouldn’t be surprised if virtual goods marketplaces will one day be bigger than real-world marketplaces. That’s the bet of companies such as New York-based Live Gamer, which allows players to exchange virtual goods in online worlds for real money.
Live Gamer is announcing today that it has signed up its 10th customer, Singapore-based Magma Studios, which is setting up its own virtual world. Live Gamer will outsource the… Continue Reading
Live Gamer lands $24M for virtual good trading
A new portal for trading virtual goods called Live Gamer announced its first funding today, promising to add some structure and protections to online transactions.
As massively multi-player online games (MMORPGS) like World of Warcraft have gained popularity, real-world markets have sprung up for everything from online currency and items, to favors, to entire player accounts. For the most part, players buy and sell with no oversight or regulation, a situation Live Gamer promises to change.
Live… Continue Reading