Tuesday, May 31, 2011

Will Facebook Credits Work as a Real-World Currency?

horizonfacebookcreditsMillions of Facebook users use Facebook Credits to pay for virtual goods inside games like CityVille and FarmVille. But the logical next step is to use Facebook Credits to purchase digital and real-world goods. That might have some implications for mobile payments, in some instances.

This has begun to transpire; we are seeing a robust Facebook Credit economy for virtual goods and an early stage Facebook Credit economy emerging for digital and real-world goods. Facebook Credits are used to purchase movie rentals, for example.

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Two Language Model Cases Decided This Week Bear on "Fair Use" of Copyrighted Material for Training

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