VCoin is able to be converted to cash off the platform, and can be used on the platform to purchase digital art, clothing, and services. After VCoin is withdrawn from the platform, it is like cash, with all the benefits of being digital. VCoin can be purchased on IMVU, gifted, withdrawn from the platform and used to purchase select upgrades on the IMVU platform such as VIP subscriptions, access passes and more.
This is an easy way for the IMVU community to transact with VCoin. To help users match to service providers, MetaJuice and IMVU launched the “Gigs Marketplace” that enables producers of services to post and users to quickly find the talent they need. Some of the most popular services and earners of VCoin are digital artists, virtual fashion models, custom clothing/room creators and more.
Now DJs, personal shoppers, night club hosts, and others can earn VCoin for their services and convert that VCoin to cash. VCoin has opened the peer-to-peer service economy on IMVU. The Redwood City, California-based company wants VCoin to power the virtual economy in the metaverse, the universe of virtual worlds that are all interconnected, like in novels such as Snow Crash and Ready Player One. VCoin can be purchased in the IMVU app with a credit card. VCoin was ready-made for adoption built directly into IMVU, with no complicated wallets. These 750,000 wallets come just twelve months after VCoin’s release on all IMVU platforms.
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