IMVU

IMVU ( , stylized as imvu) is an online virtual world and social networking site.

IMVU ( , stylized as imvu) is an online virtual world and social networking site. ==Name== The company name was neither an acronym nor an initialism. IMVU co-founder Eric Ries described the accidental process by which the company acquired its meaningless name, and stated "It's not an acronym; it doesn't stand for anything". IMVU's official account had used the backronym "Instant Messenger Virtual Universe" in some on-platform forum posts before 2009, but it has since been stated by the same account that this was intended to "never [be] an official thing", and the words were never used in any branding . The full phrase was also never included in any trademarks, which only cover the letters "imvu". ==Credits== IMVU operates a virtual economy based on its proprietary digital currency known as credits, which users can purchase with real money or obtain through various in-platform activities. Credits are used to buy virtual goods such as clothing, furniture, and accessories created by other users for their 3D avatars. The platform also supports a creator-driven marketplace, where designers sell digital items and earn credits that can be converted to real-world value through IMVU’s reseller program. In 2021, IMVU partnered with the digital finance platform Uphold to allow users to convert their in-platform currency, VCOIN, into real-world money. VCOIN is a blockchain-based digital currency and the first of its kind to receive a no-action letter from the U.S. Securities and Exchange Commission, providing it with regulatory clarity. ==References== ==Further reading==

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