The world of virtual reality is coming of age quickly especially with the advent of robust internet connections. From the likes of Facebook and Instagram profiles, it almost seems as if you cannot exist without a digital virtual presence. One company by the name of IMVU is taking this concept to a whole new level with a platform that allows you to do more than just chart.
Already, there are over 4 million people visiting IMVU to spend about 55 minutes building their virtual profiles, charting with other platform users and shopping or doing other activities that you would normally do in the real world. In fact, there are about 50,000 people on IMVU earning a living on the avatar-based social network giant platform.
Given that users on IMVU generate over 15 million transactions, spending billions using IMVU’s native credits, a move by Kik ( the company backing Kin Coin) will enable Kin coin’s integration into the IMVU system whereby users will be able to earn cryptocurrencies and exchange for fiat currency on the platform.
More about IMVU
IMVU boasts of millions of users on its platform with about 40 percent coming from the US and 60 percent from the UK, France, Brazil, and Canada. The platform was rated top most visited app by teens in 2017 according to comScore. Users on the platforms can create and sell their own digital goods or interact with other platforms users while building up meaningful relationships. Compared to Facebook, Twitter, Snap chat and YouTube, IMVU targets a young audience who spend more time on its platform than any of the major social media platforms.
The partnership between IMVU and Kik (the messenger service) will enable the integration of the Kin coin into the IMVU ecosystem. Basically, users will be able to earn Kin tokens and do more on IMVU as well as on Kin’s marketplace. To make it even more exciting, the audiences of both Kik and IMVU are strategically aligned and highly complementary to one another considering the fact that more than half of IMVU users are also Kik users.
How the platform is set to work
IMVU and Kik have set up a partner experience with companies like Blackhawk network to give platforms users access to services like Xbox live, Unity and Netflix. To get started on the platform, however, there are a couple of requirements. After users have activated their Kin wallet, they will be able to earn Kin tokens to later spend on a variety of offers. This partnership presents an opportunity for mass adoption of the Kin cryptocurrency since the IMVU platform inculcates a number of incentives that users will have access to on registration. Furthermore, users will also be allowed to participate in polls and other content programs that reward creators on the platform.
The partnership with IMVU and Kik is set to be a game changer not only in the crypto space but in the social media industry as well. These two platforms are set apart by the fact that they allow creators to make a living from their content while also facilitating meaningful friendships and bonding opportunities for users. By adding Kin to the platform, IMVU and Kik users will manage to build thriving virtual communities that will develop a sharing culture.
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.
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