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Adknowledge Buys Virtual Currency Company

July 22, 2009
by Marisa Taylor
Tech Reporter, The Wall Street Journal

Marisa Taylor

Adknowledge, one of the largest independent online ad networks, announced Tuesday that it has acquired KITN Media, owner of Super Rewards, a virtual currency monetization platform for online games and social networking sites like Facebook and MySpace, for an undisclosed amount.

Super Rewards uses virtual currency as an incentive for online gamers in order to target them with advertising. For example, in games like Mob Wars or Spy Master, a user may get to skip a level or earn a weapon if he or she fills out a form to choose which kinds of ads are displayed on the page.

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