At last week’s Casual Connect, OfferPal CRO Mihir Shah held a conference to introduce SocialKast, OfferPal’s new service focused on allowing gamers to “write once, share anywhere”. The SocialKast service consists of a wall, which as seen in the video, allows users to share their gaming activity with people through the Yahoo! APIs, the Google APIs and more, to increase that viral spread that has recently been ebbing on Facebook. Watch Mihir discuss the product after the jump.
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When Facebook recently chose TrialPay as their offer provider for Facebook Credits, they also chose to overlook other possible offer providers like Offerpal and Super Rewards. Decisions like that have big consequences for companies like Offerpal that derive a majority of their income from Facebook games that use or are switching to Facebook credits, and the hammer has come down at Offerpal as they today announced a series of layoffs directly affected by the Facebook decision.
A blog post from Offerpal Media today revealed that their new GamePoints.com virtual currency service has surpassed 500,000 unique visitors. GamePoints.com allows users to earn virtual currency by performing a variety of tasks, and users can then transfer those points into whichever game they’re most interested in. The site is still in beta, but the site’s virtual currency can already be redeemed in 100 Facebook applications including 8 of the top 10 most popular games.
Offerpal’s Chief Revenue Officer, Mihir Shah, recently sat down with Social Times to discuss Offerpal’s latest GamePoints.com initiatives, the drive for social games to extend beyond major social networks and how Offerpal serves over 1 billion virtual coins a day. Shah also revealed several key metrics about Offerpal’s reach and answered a few questions about how the social gaming and virtual currency industries may evolve. See the videos after the jump.
I recently had the opportunity to sit down with Offerpal’s Director of Marketing, Matt McAllister, to discuss their recent Mobile CPI initiative. We were able to discuss the current state of offers, the importance of social games and applications and how Offerpal ensures that advertisers get good leads.
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Today, Offerpal released the results of a survey that targeted social gamers’ monetization activities. Specifically, the report found that 29.7% of social gamers do not have the ability or means to pay for virtual currencies with cash, and 53.3% of consumers are willing to engage in alternative payments, like offers, to earn virtual currency. The report also found some other interesting statistics related to monetization behavior.
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Offerpal is promoting their latest mobile promotion where users are able to earn virtual currency by installing mobile applications. This new offering is reminiscent of the cost-per-install (CPI) campaigns which first proliferated on Facebook weeks after the Platform launched in 2007. While SocialMedia was the initial impetus for CPI campaigns, all ad networks quickly jumped on board. In this article we’ll examine how Offerpal’s CPI campaigns differ on mobile applications.
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OfferPal – the social media advertising and monetization company that allows users to gain virtual currency by participating in offers, surveys and more – has announced a new method of monetization: Tasks. Specifically, they are utilizing Amazon’s Mechanical Turk artificial intelligence system to source the tasks. Amazon’s MT system enables people to do small tasks that can’t be completed by computers themselves, and the broker of the transaction (here, Offerpal), receives a bit of compensation for the task.
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Offerpal is one of the primary targets of the recent complaints about aggressive offers on the social web. However following those criticisms, the company brought in a new CEO, and today is releasing a new set of advertising policies which holds the company “to the highest standard of ethics and corporate responsibility.” If you want the full details of the advertising policies, you can read them here. The advertising policies are relatively clear, however the “gray” areas which generate a large portion of revenue for many publishers, still exists.
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What could make iPhone app development and monetization a more seamless operation? Combining the two to create a one-stop-chop-shop. Offerpal Media has partnered with Tapjoy to present such an offering. As part of Tapjoy’s Software Developer Kit for iPhone apps, developers can choose to optimize monetization options through Offerpal Media. It’s a package deal that covers some of the most important bases for iPhone app developers.
For Tapjoy, the inclusion of Offerpal’s monetization platform means that the company can offer a range of new features for its own clients. This holds especially true as Tapjoy already benefited from creating package deals that encompass advertising and monetization options through companies such as Google. As a core focus for Tapjoy’s SDK is to enable developers to profit from their iPhone apps, broadening options towards this end is in the best interest of Tapjoy.
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