Virtual Currency. Real World Value.
VCOIN is a new digital currency designed for the Metaverse. Launching in January on the IMVU platform VCOIN will provide another digital currency for users on the platform. Yet unlike the usual in-game currency, VCOIN is a cryptocurrency built on the Ethereum blockchain and adhering to the ERC-20 standard — which opens up more possibilities for users, earners and anyone that participates in the virtual economy. Users can purchase, earn, and exchange VCOIN within the IMVU platform — and for the first time, transfer it off of the platform and convert into cash.
Due to popular requests, IMVU users now have the ability to convert their VCOIN earnings into Credits!
The highly-requested user feature now gives players the option to seamlessly convert their VCOIN directly from their wallet into credits to use in the IMVU Shop on web, mobile and desktop. This feature is yet another step toward IMVU’s new economic model that is revolutionizing the metaverse.
“This was a key request from our users and we’re excited to make this available as another milestone in growing IMVU’s thriving virtual economy,” said Nancy Beaton, VP of Strategy at VCOIN. “Users can convert VCOIN…
Starting with a user’s first time engaging with VCOIN they have the option of simply using it in normal gameplay (purchasing services, gifting to others, etc.) or they can decide to become a Producer and start earning VCOIN themselves.
Whether you’re a Producer or just an average user, VCOIN adds to your gaming experience. These benefits extend to use of the VCOIN Debit Card as a part of your gameplay.
The VCOIN Marketplace- think of it like “Etsy” but for Producers (users that provide services for other users). Producers who accept VCOIN put up listings on the marketplace to advertise their services, and users who are looking for certain services can look through the listings and hire a user directly. The VCOIN Marketplace creates a safe, simple and quick in-platform transaction for any IMVU service a player might need!
The VCOIN Marketplace has NUMEROUS advantages for IMVU shoppers and Producers alike. The easy and frictionless platform to link those providing services and those hiring users for services revolutionizes connections within…
This article was written by Nancy Beaton, Vice-President of Strategy at Together Labs, the technology parent company behind the leading friend discovery Metaverse and social app IMVU and VCOIN, an ERC-20 token, built on Ethereum, the most widely adopted blockchain technology, that can be exchanged both inside the IMVU platform and for the first time, off of the platform.
As published in Gamasutra:
Before turning 21, the average American has spent upwards of 10,000 hours playing video games — that’s 3 times more than they’ve spent reading books.
This kind of exposure in these most formative and impressionable years is…
IMVU players can now withdraw VCOIN into their Uphold account, spend it via debit card and earn 2% cash back on every transaction
VCOIN is partnering with Uphold to launch a Debit Card for all VCOIN holders. This card will be available for all U.S. users, with International availability beginning in late 2021.
The partnership will allow US-based IMVU users to withdraw their VCOIN earnings into their Uphold account and, for the first time, spend it via an Uphold Debit Card accepted at over 50 million retailers and ATMs, while earning 2% cashback on every transaction.
Hi my name is Yvonnem!
I’m an IMVU Producer and I model clothing and do streaming to advertise products for other users, usually Creators on the platform. I started playing on IMVU about 2 years ago and around the summer of 2019 is when I decided to start my modeling service. Currently I model clothing for Creators and post photos to advertise that clothing to the broader IMVU community. I also advertise Creator items through my streams.
What motivated me to start my business was initially my love of fashion and trying on clothes on IMVU. What then gave…
Here’s our April/May VCOIN Update! Learn about what all we’ve been up to the past month and what we have coming up.
We have exciting news! We’ve partnered with Xsolla, a video game commerce company that helps developers and publishers market, sell, connect and optimize their games globally. With this new partnership VCOIN and Xsolla will explore multiple product integrations in order to support and scale the metaverse for gamers and creators around the world.
“We know that Metaverse users and gamers play on many different platforms. With this announcement, our users will soon be able to earn VCOIN on…
Today VCOIN is available on IMVU Mobile! VCOIN is now seamlessly integrated across Android, IMVU desktop, mobile web, and web platforms, with iOS launching soon.
“With VCOIN, we are building the future of virtual economies,” said John Burris, Chief Strategy Officer, Together Labs. “In these future economies, just like with most digital currencies today, users are turning to mobile for real-time updates and management of their earnings and sending and receiving from their wallets — now our users can do the same.”
Read the full press release here.