Virtual currencies - widely used in online games, virtual worlds and social networks - is a US$4 billion market today. First Meta is the leading provider for virtual currency services.
The First Meta Exchange (FMX) is a player-2-player, multi-game virtual currency trading platform that allows gamers to trade virtual currencies across games, as well as into real currency cash.
In partnership with game publishers, First Meta allows them to monetize from this activity, increase user retention and reduce support costs. Mid-sized publishers can expect to generate in the range of SG$1-3 million a year in additional revenue and cost-savings.
Beta-launched in August 2009, FMX is currently live in 4 virtual worlds - Second Life, IMVU, Toribash by locally-based Nabi Studios, and Hong Kong-based virtual world, Frenzoo - and has established itself as a leading player within just months of operations.
First Meta was founded in Feb 2007, when few had even heard of virtual worlds, much less believe it was possible to make real money from âfake moneyâ.
First Meta Exchange open-beta launch with popular virtual worlds Second Life and IMVU
Completed in Aug 2009
BusinessWeek – Top 25 Asia’s Best Young Entrepreneurs
Completed in 2008
First Meta mentioned on Techcrunch!
Completed on 4 Sep 2007
Launched world’s first virtual currency credit card
Completed in Jul 2007
- Shell LiveWIRE Award 2009 for promising young enterprises - Merit award winner