A Second Life for IMVU? Virtual Social Network Launches In-Game Crypto

IMVU is a virtual social network with its own digital economy; with the introduction of Ethereum-based VCOIN, the company is backing in-game currency with real money.

Avatar Social Platform IMVU Launches Ethereum Token to Power Its Virtual Economy

The VCOIN token launch got the green light from the US Securities and Exchange Commission late last year.

Social networks and the digital economy: A preview of IMVU’s VCOIN

After getting some boundaries in which to operate from the SEC, IMVU's new blockchain-based token will be a major test case for crypto.

What does VCOIN's SEC authorization mean for securities law and crypto?

The latest in securities law and crypto is not a revolution, but it is a step forward. As Cointelegraph reported two weeks ago, the Securities and Exchange Commission put out a rare no-action letter in defense of IMVU’s new blockchain-based VCOIN. VCOIN is only the third digital token to get such legal protection from the US securities regulator, which makes it an exciting development.

SEC Grants Digital Avatar Firm IMVU Permission to Sell Crypto Tokens

The SEC has granted permission to digital avatar firm IMVU to sell its Ethereum-based VCOIN digital currency, though with some restrictions.