Facebook to accept credits July

Facebook accept credits by July All games

Every social game developer on Facebook will have to offer the social network’s virtual currency credits by 1 July as the scheme comes out of beta.
Over the next five months developers will have to implement credits as a payment method within their games.

Facebook is not insisting that it will be the only payment method but is giving incentives to those developers that use it exclusively, such as early access to product features and premium promotion on the site, including promotion on the games dashboard and premium ad targeting.

Deb Liu, platform marketing manager at Facebook, says on the Facebook Developer blog: “Over the next five months we will work closely with developers to get on board those that are not yet using Facebook Credits, collect feedback to improve the product, continue to innovate on the user experience, and help developers grow their revenue on Facebook.”

He adds: “We’re excited to give Facebook users the confidence that when they purchase Facebook Credits or receive them as a gift, they can spend them in any game on Facebook.”

For the past six months Facebook has been working with more than 150 developers, such as CrowdStar, Digital Chocolate, Playfish and Zynga, to test Credits in more than 350 games. It said it already accounts for 70% of the virtual goods transactions on the site.

News from: www.marketingweek.co.uk

Pope Benedict Blesses For Facebook Social Networking

Faithful Facebook: Pope Benedict Blesses Social Networking

Pope Benedict XVI may be old, but he's still with it.

Wracked with Catholic guilt every time you access Facebook? Worry no longer -- the Pope approves.

In a message entitled "Truth, Proclamation and Authenticity of Life in the Digital Age," Pope Benedict XVI gave social networking his blessing, but warned that it cannot replace real human contact. The proclamation, created for the Catholic Church's World Day of Communications, noted, "I would like then to invite Christians, confidently and with an informed and responsible creativity, to join the network of relationships which the digital era has made possible."

(More on TIME.com: See pictures of Pope Benedict in the United Kingdom)

The pontiff encouraged social networkers to be open and honest in their communications, and to not confuse online friendships with deeper, lasting ones. "It is important always to remember that virtual contact cannot and must not take the place of direct human contact with people at every level of our lives," he wrote.

Though the Pope, 83, does not have his own personal Facebook page, the Vatican has made social media strides through its site, Pope2you, which links users to YouTube and Facebook pages and even an iPhone application. Who knew the Holy See was so down with the kids?

News From: www.newsfeed.time.com

Watch Facebook Co-Founder Eduardo Saverin Invest Qwiki video

Facebook Co-Founder Eduardo Saverin Invests In Qwiki

Facebook co-founder Eduardo Saverin and YouTube co-founder Jawed Karim are among the investors financing an $8 million round of funding for Qwiki, a startup that aims to, in its own words, "forever improve the way people experience information."

Saverin, who is the lead investor in the startup's latest round of financing, has kept a low profile in recent years, but his role in the founding of the world's largest social network was brought to the fore by the movie The Social Network, which pitted the entrepreneur against Facebook CEO Mark Zuckerberg.

"I am in a situation today where I can do what I love, which is help other entrepreneurs," Saverin told the New York Times. "Facebook has been a big thing and will be a big thing. Qwiki is early stage, but they are on the path to be a game changer."

Doug Imbruce, Qwiki's CEO, and Dr. Louis Monier, founder of AltaVista, are the co-founders of Qwiki, which received an award at the 2010 TechCrunch Disrupt conference. The startup provides what it calls an "information experience" that compiles data about a topic into a multimedia presentation. Imbruce describes Qwiki's service as capable of bringing an "information nirvana" to life by packaging content in a way that brings rich media together in a more human and organic way.

Imbruce told The Huffington Post that Saverin reached out to the startup after seeing Qwiki's presentation at TechCrunch Disrupt, then the three "sat down in New York over drinks," where they connected over their belief that Qwiki has the potential to change the Web much as the social graph, pioneered by Facebook, has over the past several years.

"Eduardo is a visionary investor," Imbruce said. "He shares the Qwiki vision and wants to make another big impact."

The company hopes to entice third-party content creators, from real estate agents to bloggers, to used Qwicki to put together interactive presentations.

Noting that the startup received considerable interest from acquirers, publishers, and VCs following its debut at Disrupt, Imbruce explained that the co-founders structured their funding to allow them to maintain full control of the company.

"We're not here to flip Qwiki," Imbruce explained. "Our capital structure allows us to stay in control while having support of highly motivated partners like Eduardo, people who've changed the world before."

"Qwiki is a game changer," said Karim in a statement. "The team has succeeded in creating an entirely new media format that will drastically improve the web experience."



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