Facebook Virtual Currency AceBucks Raises $1.5 Million

Facebook Virtual Currency AceBucks Raises $1.5 Million

[img src="" caption="" credit="" alt=""]

The company behind AceBucks, the unofficial virtual currency for Facebook, has raised $1.5 million. AceBucks allows users to buy, sell, and trade virtual dollars that they will soon be able to use in a Facebucks store. The application was originally built by Aryeh Goldsmith, who sold it to the newly formed Buddy Media. At the moment, Facebook counts 1,780 daily active users for the application.

It's worth noting that one of the investors is Peter Thiel, who is also an investor in Facebook. Other investors include Howard Lindzon, Mark Pincus and James Altucher.

The biggest stories of the day delivered to your inbox.
These newsletters may contain advertising, deals, or affiliate links. By clicking Subscribe, you confirm you are 16+ and agree to our Terms of Use and Privacy Policy.
Thanks for signing up. See you at your inbox!