Twofish, Inc. and VastPark Announce Twofish Elements™ License Agreement
Redwood City, CA - April 3, 2008 - Twofish, Inc., the first-of-its-kind economic platform provider for online entertainment properties, today announced a licensing agreement with virtual world platform developer VastPark for the Twofish Elements™ economic engine.
Twofish Elements is an exclusive technology that powers online economies by allowing partners to simply and dynamically control banking and inventory policies. By seamlessly integrating Twofish Elements into its virtual world-building toolset, VastPark is extending this unprecedented economic control to its players. Once integrated into VastPark, non-technical users will be able to create their own real cash or virtual currencies and define their own virtual goods. Creators can set prices, scarcity as well as a range of information about the products.
"This is a new step in bringing economic power to the masses," said Bruce Joy, VastPark founder and CEO. "We also see it as a fundamental way for us to build value in our platform, as it allows for the creation of realistic, responsive and highly customizable virtual worlds."
"This partnership with the forward-thinking minds at VastPark will bring to life the innovative functionality of Twofish Elements," said Lee Crawford, founder and CEO of Twofish. "For the first time, everyday internet users can incorporate real economies into their virtual worlds, providing a new level of depth and realism."
Twofish Elements was conceived by Twofish founder and CEO Crawford, whose unique expertise across game engineering (at Yahoo! Games, Shockwave.com, and Segasoft Networks) and transaction processing (Trintech, Inc.) has translated into industry-changing insights and technology. Founded in December 2006, Twofish has been venture funded by Venrock and Rustic Canyon Partners.
About VastPark
VastPark is a virtual worlds platform supporting an ecosystem of creators, consumers and user-generated worlds. Built on five years of research and development and focussed on effective open standards, VastPark features free tools that enable users to create and publish 3D virtual worlds quickly and easily. Communities can create and monetize their own highly interactive worlds and empower their users creativity