Buddy (Media), Can You Spare a Buck?

Facebook-application developer, Buddy Media, recently leased office space at 1841 Broadway, NYC. Buddy Media was represented by CresaPartners’ Kristian Hansen in the transaction. Buddy Media is the developer of Acebucks, the primary virtual currency application for the Facebook social-networking platform.

Acebucks will soon launch an API which will enable other Facebook developers to integrate the virtual currency into their applications. Additionally, Acebucks can be used to purchase virtual and physical items through the soon-to-be-launched Facebook store.

Living in a Virtual World

Many online games and virtual reality platforms already use virtual goods and currencies for participants. Examples include Second Life, Utherverse and Club Penguin, a virtual world for children which was recently acquired by Disney.

About Buddy Media

Buddy Media recently received $1.5 million in angel funding from a group that includes Facebook investor and board member Peter Thiel, best-known for his role in founding PayPal. Buddy Media’s other investors include Mark Pincus, a serial entrepreneur who runs a Facebook poker application, Howard Lindzon of Biltmore Ventures, James Altucher and Robert Ehrenberg.

CresaPartners hosts Facebook Developer Summit

In June of this year, CresaPartners hosted the first-ever NYC Facebook Developers Summit, organized to promote the opening of the Facebook platform to third-party development. More than eighty people attended, including Facebook founder Mark Zuckerberg. During the summit Zuckerberg mentioned the company’s projections of 100 million unique users within the next year.

This entry was posted on October 19, 2007 at 11:04 am and is filed under Media/P.R.. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or trackback from your own site.