Twofish Looks To Revolutionize the Virtual Economy

Today Twofish announced its first partnerships with a number of large social gaming companies including Pocketville, Pangaea, and Ignite Skill Gaming. More important than the partnerships is the immense value that Twofish provides to applications that are integrated into the virtual economy. Through leveraging double-entry accounting standards, Twofish tracks every single transaction that takes place within an economy.

That’s not all though. Twofish also gives developers insight to buyers’ post purchase behavior. For example, say a user in a virtual game like Pet Society (the largest application on the Facebook platform in terms of daily active users) purchases an item for their house but keeps it in their inventory rather than using it.