SOURCE: Live Gamer

November 24, 2008 00:01 ET

Live Gamer Selected to Integrate Player-to-Player Trading Marketplace Within Icarus Studios' Virtual World and MMO Game Platform

NEW YORK, NY--(Marketwire - November 24, 2008) - Live Gamer (www.livegamer.com), the $24 million venture-backed developer of the world's premiere publisher-supported virtual marketplace, today announced it has been selected by Icarus Studios (www.icarusstudios.com) to provide a marketplace for the Icarus virtual world and MMO game publishing platform. The Live Gamer Exchange™ marketplace will be pre-integrated into the platform, enabling Icarus and its multitude of media/publishing partners to seamlessly and easily enable safe and secure real-money-trading (RMT) of characters, coin and items within their MMO games and virtual worlds' titles.

"By integrating the Live Gamer Exchange marketplace into Icarus Studios' leading development and publishing platform, player-to-player trading becomes a reality for countless new massively multi-player online games and virtual worlds," said Andrew Schneider, president and co-founder of Live Gamer. "We're proud to be working with the Icarus team to enable this powerful new revenue stream and engaging user experience."

"Live Gamer and Icarus Studios share a common goal to support emerging revenue streams and reduce development costs of online games," said James Hettinger, CEO of Icarus Studios. "The Live Gamer Exchange marketplace provides our partners with the industry-leading, player-to-player trading solution pre-integrated, so they can provide a safe, secure and structured marketplace to meet the enormous consumer demand for RMT."

Consumer demand has created a $2 billion virtual goods economy that was primarily channeled toward black and grey market operators, outside of game publishers' control or consent. This resulted in a poor experience for both players and publishers, as rampant fraud increased customer service costs and channeled revenue outside the game to gold farmers. Because the Live Gamer Exchange marketplace is sanctioned by game publishers and within their terms of service / end-user license agreements, it offers gamers and virtual world residents a safe and secure solution for the buying and selling of virtual items for real-world money.

About Icarus

Icarus Studios is a leading provider of white-label massively multi-player online games, virtual worlds, and serious games for major entertainment, corporate, and government clients. Icarus Studios provides its partners a total solution that includes design and content production, monetization, customer support, hosting, and a tightly integrated technology platform. The Icarus technology platform was built from the ground-up on industry standards to accelerate time to market, reduce development and running costs, and enable new revenue streams through 3D, Web, Flash™, and mobile user experiences. Icarus Studios is based in North Carolina.

About Live Gamer

Live Gamer developed the world's first publisher-supported marketplace for player-to-player exchange of virtual goods in 2007. Today, the company is leading the way in legitimizing real-money-trading (RMT) of characters, coin and items with online games and virtual worlds, working in partnership with top game publishers and virtual world operators worldwide, including Acclaim Games, FunCom, GoPets, IAC's InstantAction, Sony Online Entertainment, True Games, Interzone, Magma Studios and Icarus Studios. The proprietary Live Gamer Exchange platform is the industry's most advanced platform supporting the virtual economy. Based in New York, NY, the company was founded by industry veterans and backed by $24 million in venture funding from Charles River Ventures, Kodiak Venture Partners, and FirstMark Capital. For more information, visit www.livegamer.com.

Contact Information

Webosphere

Keyword Cloud

View Website