Live Gamer Received $24 Million for Real Money Trading of Virtual Property

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Live Gamer Received $24 Million for Real Money Trading of Virtual Property
December 20, 2007What does Live Gamer do?

Live Gamer enables a complete marketplace solution for the player-to-player trading of virtual items.

VCU says:

Live Gamer is creating a market place to trade, buy and sell virtual items. They facilitate person to person transactions.

Working in tandem with publishers, Live Gamer legitimizes the current state of virtual goods trading, characterized by gold farming, predators, hackers and other fraudulent activities.

To grow their businesss quickly they are partnering with top massively multiplayer online game (MMOG) publishers and virtual world operators worldwide, including Funcom GMBH, Sony Online Entertainment, 10TACLE STUDIOS, Acclaim, GoPets LTD, and Ping0 Interactive Limited.

Fascinating site and service, it is stated in their press release that the market is $1.8 billion a year.

Take a look at Live Gamer.

Founders:

NA

Funders:

Read more about Charles River Ventures here.

Read more about Kodiak Venture Partners here.

Read more about Pequot Ventures here.




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