Come July, Atlanta-based Zeevex is going to start selling its Xtreme Online Game Card in more than 20,000 brick-and-mortar retailers in the U.S. thanks to a distribution partnership with InComm, providing a way for gamers to buy virtual currency offline to redeem their online value through the Zeevex website at a later stage. By doing so, users create what Zeevex calls a ‘Digital Locker’, containing so-called Zeev Tokens that can be used for a variety of uses in online video games (e.g., for purchases of Gold or Coins, monthly subscriptions, one-time fees, and micro-transactions).
This is very similar to what PlaySpan is up to with its Ultimate Game Card. For more perspective on their product, read about their recent deal with hi5 or their acquisition of Spare Change.
According to the press release, the Zeevex Digital Lockers will include social network plug-ins (for Facebook, Twitter, MySpace and Bebo) so users can trade Zeev Tokens with anyone but also provide parental controls and support for micro-transactions as low as 5 cents.
Zeevex recently closed an undisclosed, private round of funding and is led by Ron Williams (CEO), Dean Gebert (CMO) and Robert Sanders (CTO). While the company would not go into detail on the financing round, it did say its seed round valuation was seven figures and that they are considering a VC-backed Series A round this Summer.
are 5 cent transactions actually economically possible? i wouldn’t think so:
http://qzip.in/oe
Thanks for all the information, but I have same question. Are 5¢ transactions actually possible?
There is a company called Goozex that (I believe) already does this.
this diagram is really corny. and who ever puts something _inside_ the cloud in a diagram, let alone _people_ ? truly bizarre
Hrm, Beenz anyone? Haven’t we been down this road before?
‘Just entered the SpiderOak Free Account Contest! You can win by following @Spideroak_Inc and RT! http://bit.ly/ewfnC‘
Benz and Flooz were executed as get-rich-quick scams without the ethics that a company needs to succeed today. Not to mention the existence of persistent, ‘high’ bandwidth connections which allows for the increased transparency to keep corporations in check. This only gets better as far as I can tell.
Wow… that has to be one of the worst diagrams I have ever seen! LOL!!!
I still don’t understand what I’m looking at.
Hey everyone — to clarify your comments / questions…
5-cents = it’s true, we can make microtransactions profitable. It’s part of our (proverbial) “special sauce.”
Graphic = we’re trying to show that our Gamer-2-Gamer feature allows gamers to trade Zeev Tokens with each other for anything real (or virtual), allowing a Zeevex gamer to “unlock the wealth in their toybox.” This helps our game operators because gamers now have more ways to get Zeev Tokens to use in their games.
Hope that helps clarify. And we’re ok with being called corny (grin).
And to clarify the differences between Zeevex and other payment methods, like the Ultimate Game Card from Playspan…
Zeevex is the only gamer-friendly and retail-friendly game card on the market (granted, I’m a little biased). The following features are unique to Zeevex:
1- Gamers can purchase a single Zeevex card and use it with multiple game operators
2- Gamers always get full face value of the card and never pay extra fees
3- Zeevex allows our partners to store virtual item codes in the gamer’s Digital Locker (a great way to entice gamers to try a new game or to get gamers who have left, back into a game)
4- the Zeevex Xtreme Online Game Card is only sold in national brick-and-mortar retailers, so gamers who can already spend via an online method are not tempted away from our game partners’ websites, via other payment methods.
I appreciate the value of IT and social networking. But when I read an article on CNN about many who are beginning to take “their profiles very seriously,” particularly to the level where they buy T-shirt icons with virtual currency (which they buy with “real” money) to place on their Profile page (because more of their “friends” will see a virtual T-shirt than one actually worn on the body), I said to myself, “wait a minute,now!” First of all, why not take a photograph of oneself wearing the T-shirt and post it on one’s page? Let all one’s virtual (remember that “virtual” means “not actual”) friends see at least the image of the “actual” T-shirt. But beyond that, I realized that the popular catch-phrase, “get a life” is taking on more meaning. It’s evident that many are beginning to spend more and more of their time building up their profiles and cultivating ” not actual” friendships than they are building actual friendships. At the least, time with actual friends is being siphoned by virtual building. But, what the hey…those of us who have lived more than 40 years know that the number of genuine friends can be counted on a hand with less than 5 fingers. Some of us have “0″ actual friends. I suppose that social networking is just another phased in the ever-changing shape of society, which is artificial anyway. But back to virtual currency. A true revolution, if one wants one, would come by means of a virtual currency that could supercede as a medium of exchange ths currencies authorized by the world governments. A virtual currency that the governments could do nothing about short of shutting down the entire internet. But, that idea sounds like a good movie theme.
No, I’m not worried in the slightest about “virtual currencies,” what I am worried about, however, is the Governments’ ominous plan to insert a virtual currency “RFID” chip into the right-hand or forehead of people and use this as the sole way to buy and sell goods in the future. This is what’s referred to in the Bible as the “Mark of the Beast” and it subjects the human beings to eternal damnation and an indescribable amount to pain. It’s coming…it is already being tested and used on on animals, the elderly, certain criminals, and now even a prominent Mexican official had it implanted. This is the wave of the future, and a considerable amount of resources are right now being devoted to its technology. It is quite alarming, when you read what the Bible has to say about what happens to people when they receive this Mark of the Beast. You thought you’ve felt pain before, you can’t even begin to imagine the excruciating pain that will be cast upon the receivers of the RFID chip implant/mark of the beast!
Mike. I read about the buying device on a news site and listened to one of my sisters explain to me the Biblical prophecy the device is thought to fulfill. I don’t need any more references from the Bible on the matter, but could you give some documentation for the development of the device and the other remarks you made regarding its current use?
Never mind Mike. I just did a search on RFID chip and found all I need.
5 cents sound too low to be able to be efficient. However it would be very nice to see direct payments of items in the 25-50 cents range. Seems they are on to it.
Johan
City Network