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Virtual currency exchange to launch in 2010

Beginning in the first quarter of 2010, social sites IMVU and MyYearbook will launch a virtual currency exchange allowing users from either service to exchange currency between the sites.

Currency Connect is billed as a "cross property virtual currency exchange" system similar to how you would change U.S. dollars into euros if you were traveling in Europe. Users simply swap their currencies depending on what site they are on. Overall this is not a bad idea as I still find it surprising that users pony up real money for virtual money that can never be taken out … Read more

Virtual goods bubble looming?

The buying and selling of virtual goods is an extremely nascent market that seems to be heating up dramatically. Almost daily there are announcements pronouncing large virtual good revenues on the horizon and new forms of payments and rewards for the intrepid user.

Just today social network Hi5 introduced multicultural holiday gifts along with a new payment system. Virtual world Habbo also introduced a new type of currency and reward program for loyal users.

With all of this interest and efforts toward monetization, is this a bubble waiting to burst?

So far, my answer is no.

Virtual goods are part … Read more

Gift guide: What Web addicts want

We bet you know someone who does everything online, from banking to making friends, to kicking back. If you're stuck trying to find great gifts for the constant blogger, video vulture, or online socialite in your life, take a look at this virtual gift guide that shows you get it, and you care.

3D chat gallery: The wild world of IMVU

This summer, Nielsen Net Ratings released a study of the fastest-growing instant-messaging clients from August 2006 to June 2007. The big winner was Meebo--the Web-based cross-platform chat app that lets AIM, Yahoo, Google Talk, MSN, and Meebo's own users talk amongst themselves anywhere they've got a Web browser and an Internet connection.

The second-fastest growing chat client was more of a surprise. IMVU--which gained 154 percent more users over the year studied--is a 3D chat client that allows you to create your own avatar (covered previously) and interact with other users in a proprietary "metaverse.&… Read more

Find friends online

There may be an excess of social-networking sites starting up these days, but the concept seems to be a permanent fixture on the Web landscape. Whether it's MySpace, Facebook, Friendster, LinkedIn, or your own network, people love connecting with old friends and finding new ones online.

Most social-networking occurs via Web-based software in your browser, but there are several cool downloadable tools that you can also use to connect and communicate with friends and strangers online.… Read more

Study: Web-based instant messaging is growing fast

Who needs downloads? Not instant-messaging fans, apparently, according to Nielsen NetRatings. The online division of the legendary statistics-crunching company just released a study that tracks the fastest-growing instant-messaging software products from August 2006 to June 2007, and the results indicate that Web-based is the way to go.

The most rapidly growing IM client, according to the study, is Meebo, which launched just over a year ago. The fact that it's so new may be partially responsible for its rapid growth--354 percent from August 2006 to June 2007. But Meebo also packs a double punch: not only is it Web-based … Read more

Avatars: Engineer the perfect digital you

In the cyberworld, Web customization is king--just as the millions of user-centric YouTube videos and MySpace Web pages attest. It's little wonder, then, that avatars, digital representations of you, are growing in function and form.

This collection of downloadable and Web-based avatar generators ranges from the more cartoon-like engines to three-dimensional architectures where users give life to their pint-size replicates. Be sure to tune into the video and photo gallery on my adventures with avatars, with CNET News.com's Neha Tiwari, for a personal take on the highlights and lowlights of some popular avatar builders.… Read more