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Monday, October 20, 2008

Live Gamer Announces Real-Money Marketplace Agreement With Magma Studios

2008_10_20_live.jpgLive Gamer offers a publisher-supported marketplace for player-to-player exchange of virtual goods (and real money) -- with clients as high-profile as Sony agreeing support in titles such as the upcoming The Agency and Free Realms -- and they have now announced that Singapore-based Magma Studios have also agreed to use the Live Gamer Exchange as its exclusive marketplace for its virtual worlds.

According to their website, Magma Studios' clients include "Fox International, 10tacle Studios (MTV's The Youtopia Project), Disney Channel Asia and Makena Technologies (There)" though it is not clear if the agreement with Live Gamer would include any of these clients or their services – and, indeed, 10tacle Studios declared insolvency several months ago, so their online client list is clearly outdated.

Live Gamer previously announced a new VP of Product Marketing, Kurtis Buckmaster, and a partnership with online game publisher True Games -- which has yet to announce its first title.

"Magma Studios' selection of Live Gamer is testament to the demand for legitimate, sanctioned player-to-player trading," said Andrew Schneider, president and co-founder of Live Gamer. "For virtual world operators, The Live Gamer Exchange provides a secure platform and revenue opportunity that benefits the operator/developer and users alike. Once users invest in a digital representation of themselves, the personal touches, items, and achievements that evolve from their passion and creativity in the virtual world, increasingly they are attributed real-world value."

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Posted by mathewk on October 20, 2008 9:50 AM |

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