Offerpal Media has teamed up with virtual social network IMVU to offer another monetization option within the virtual goods realm. With the partnership, Offerpal will extend another way for IMVU users to earn credits, which are used as currency for the virtual world. As Offerpal Media has created a platform specifically for social networks, applications, games and virtual worlds with offer-based options extended to users, the partnership between these two companies seems as though it will be mutually beneficial to both parties. The partnership comes weeks after Offerpal Media received $15 million in funding to grow its social ads model.
IMVU already has a large user base, with virtual goods being at the center of its social network. With a reported 35 million registered users and a catalog of virtual items to be purchased and exchanged, IMVU is well established i its own virtual economy. At this point, we’re finding that virtual-based networks and other social networks are seeking deeper integration with other forms of revenue-generation to expand the earning potential of their virtual economy. To that end, incorporating ads into virtual economies has been a growing trend for virtual world networks and various types of social media applications, even if they’re not based on virtual worlds.
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