Acebucks Gets $1.5 Million For Virtual Facebook Currency
Acebucks, the maker of a virtual currency for Facebook has raised a $1.5 million round of investment. AceBucks was originally purchased by Michael Lazerow to form Buddy Media, whose investors include Howard Lindzon, Peter Thiel, Mark Pincus and James Altucher. Acebucks is a virtual economy that pays users Acebucks for installing applications and referring their friends (kind of like a virtual pyramid scheme). Users can then spend the currency on either virtual goods in the Acebucks mall or put them toward real items like an iPod Nano.
Source: http://www.techcrunch.com/2007/09/23/acebucks-gets-15-million-for-virtual-currency/
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