Second Life’s Virtual Economy Makes $500m Per Year

Patrick Hoge, writing in the San Francisco Business Times, reports that Second Life “residents” have spent more than $1 billion in transactions to date and spent 1 billion hours logged into this virtual world. Facts 1. In 2008, Second Life users spent $360 million on virtual goods ranging from land (virtual real estate) to designer […]

Live Gamer bring Asia’s First Micro-Transaction Platform comes to the U.S.

Live Gamer, the company that pioneered real-money-trading for online games, completed its acquisition of N-Cash, Korea’s premier micro-transaction provider. N-Cash are a monster success story in Asia, completing more than 150 million micro-transactions and currently handling 56 million registered users.