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Facebook Virtual Currency AceBucks Raises $1.5 Million

AceBucks, a developer of virtual currency used within the Facebook online social network, has
raised $1.5 million in new financing, AllFacebook reported.

AceBucks developer Aryeh Goldsmith partnered with Michael Lazerow to form Buddy Media, whose investors include Howard Lindzon, Peter Thiel, Mark Pincus and James Altucher.

New York-based Buddy Media said it aims to make AceBucks the primary virtual currency on Facebook,
and plans to make it available for developers to integrate into their own applications.

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