The first-of-its-kind economic platform provider for online entertainment properties, Twofish, Inc., 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. VastPark, by seamlessly integrating Twofish Elements into its virtual world-building toolset, is extending this unprecedented economic control to its end users. Non-technical users will be able to create and administrate their own currencies and virtual goods, setting fine-tuned parameters for scarcity, pricing, and individual attributes about each item, once Elements is integrated into VastPark.

Bruce Joy, VastPark founder and CEO said: “This is a new step in bringing economic power to the masses”. “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.”

Founder and CEO of Twofish, Lee Crawford, said: “This partnership with the forward-thinking minds at VastPark will bring to life the innovative functionality of Twofish Elements”. “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 Shockwave.com, Yahoo! Games, and Segasoft Networks) and transaction processing (Trintech, Inc.) has translated into industry-changing insights and technology. Twofish, founded in December 2006, has been venture funded by Venrock and Rustic Canyon Partners.