Sometrics Launches Virtual Currency Platform

-Sometrics Logo-Today Sometrics will be announcing the launch of their Virtual Currency Platform. Companies like Offerpal, Social Cash, SuperRewards, Social Media, and others have been providing developers with ways to monetize their applications through virtual currencies. The Sometrics platform aims to help developers optimize how those currency networks are optimized.

Jesse Farmer wrote the best way to optimize ad networks was through randomization. This may be accurate based on the sample numbers provided by Sometrics but if you have a large amount of inventory, small changes make a lot of sense. Many of the large ad networks have already been optimizing their advertisements through internally developed analytics tools.

For many of the smaller developers, building an advertising platform is overly cumbersome and that’s where Sometrics (and others like kontagent) come in. One think that I’m personally wondering is when Sometrics and others will begin to extend their analytics services outside of social networks. Urchin for instance (which is the base of Google Analytics), uses cookies to track users across networks.

Sometrics seems focused on helping developers monetize their applications more effectively and there’s nobody complaining about that. Just last week Kristen posted about Sometrics blog post.

-Sometrics Virtual Currency Screenshot-

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  • Virtual currency is a great marketing model and it's been working for companies like TrialPay for years. The space is now getting really competitive - SponsorPay recently acquired GratisPay making it the largest virtual currency platform in Europe. Read more here: http://eugeneorourke.com/blog/sponsorpay-acquir...
  • Hey Nick,

    Thanks for the mention. My post was talking more about cross-network optimization, rather than the optimization that any given ad network does.

    For example, RockYou might perform well with an international audience, while SocialMedia does better with a domestic audience. How do you know which one is best for you? You test it.

    In fact, while I was at Adonomics I created a platform to automate just this. The other system I had started to build before I left was an ad management platform, very similar to Sometrics' current offering. I'm glad to see Joseph, Matt, and Ian are following the same line of thinking and executing on it.
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