Google Buys Virtual Currency Company Jambool

google buys virtual currency company jambool social gold

Internet giant Google has purchased Jambool, makers of the Social Gold virtual currency platform that handles virtual goods sales on some online gaming and social networking Web site. Financial terms of the acquisition were not disclosed, but in a FAQ Jambool promises the Social Gold service will continue to operate as promised, and developers using the service in their games or online communities can continue doing so with essentially no changes.

“Our vision is to build world-class products that help developers manage and monetize their virtual economies across the globe,” wrote Jambool founders Vikas Gupta and Reza Hussein, in their company blog. “When the opportunity arose to join forces with Google to execute against this vision, we couldn’t pass it up.”

Jambool claims its Social Gold virtual goods system is the only platform currently available that can manage purchases conducted within a Flash-based game, even for players who don’t have accounts and payment information set up ahead of time. The service launched in 2008 and Jambool says during the first half of 2010 they processes more than double the amount of virtual goods transactions than they did in all of 2009. Jambool charges a 10 percent fee on transactions, which drops to 7 percent for clients who process $25,000 a month or more in transactions.

The move marks Google’s second move in the social gaming sphere in recent weeks: earlier this month the company announced a deal to acquire social games developer Slide for $182 million.

Computing

Opera web browser targets enhanced accessibility with major redesign

The browser wars are heating up. In the latest move for Opera, a new development release pushes it even closer to Chrome with a redesign and overall goal of redefining the modern web browser. 
Virtual Reality

Getting into VR is spendy. Which headset is truly worth your hard-earned cash?

Virtual reality has finally gone mainstream, but how do you find the best VR headset for you? Check out a few of our favorites, whether you want the best of the best or a budget alternative for your mobile device.
Gaming

Take to the virtual skies with these free flight simulators

You don't have to spend the entirety of your paycheck to become a virtual ace, at least when it comes to flight simulation. Our list of the best free flight simulators will let you unleash your inner Maverick.
Home Theater

Everything to know about Sling TV: Channels, pricing, and more

Sling TV has grown a great deal since its launch. Now there are more channels and more packages to chose from, with prices to match, and more is being added all the time. Everything you need to know is right here.
Gaming

These are the coolest games you can play on your Google Chrome browser right now

Not only is Google Chrome a fantastic web browser, it's also a versatile gaming platform that you can access from just about anywhere. Here are a few of our favorite titles for the platform.
Computing

Breaking: Amazon won’t build headquarters in New York in face of opposition

Amazon has canceled plans for a New York City headquarters afer citizens, civic groups, and politicians pushed back on Governor Andrew Cuomo and New York City Mayor Bill de Blasio's exclamation of economic joy over Amazon's earlier…
Computing

Looking for a new laptop? These 5 notebooks are on sale through Presidents’ Day

If you're ready to ditch your aging notebook, you can score some fantastic Presidents' Day savings right now on Microsoft's Surface Pro 6, Dell's XPS 13, HP's Spectre x360, Lenovo's Yoga C930, and Dell's G5 15 Gaming laptops.
Computing

DLSS is finally arriving in games, but how does Nvidia's super-sampling actually work?

Nvidia's new DLSS technology is exciting, but what is it and how does it work? It's not quite anti-aliasing and it's not quite super sampling. It's a little bit of both and the end results can be impressive.
Computing

A new Mac Pro is supposedly coming in 2019, but what will it be like?

Our Mac Pro 2019 rumor roundup covers all the top news, leaks, and rumors about the new Mac Pro set to be announced sometime in 2019. Here's what Apple has said, what the experts think, and what's likely to show up with the new Mac Pro.
Gaming

Wage war on a budget with these fun and free first-person shooters

We all know about Halo and Call of Duty by now, but what about quality titles that won't cost you upward of $60? Check out our picks for the best free first-person shooter games from Paladins to Quake Champions.
Computing

Enjoy Windows on a Chromebook with these great tips and tricks

If you want to push the functionality of your new Chromebook to another level, and Linux isn't really your deal, you can try installing Windows on a Chromebook. Here's how to do so in case you're looking to nab some Windows-only software.
Computing

Switch your WMA files for MP3s with our quick conversion tips

The WMA codec may be great when it comes to multi-channel surround sound, but unfortunately, it falters in terms of compatibility. Check out our guide on how to convert WMA files to MP3 via web-based or desktop methods.
Computing

These Windows 10 keyboard shortcuts will take your skills to a new level

Windows 10 has many new features, and they come flanked with useful new keyboard shortcuts. Check out some of the new Windows 10 keyboard shortcuts to improve your user experience and save more time!
Computing

What is Wi-Fi 6? Here's a look at the next evolution of the wireless standard

We're exploring the new naming convention for wireless standards, how it affects the devices you buy, and what the upcoming Wi-Fi generation is changing for the better.