hong kong china november 2002 headquarters hamilton bermuda key people stan stalnaker founder and creative director tina frank chairman board of directors meg thomson executive producer edie lush executive editor jeffery leung commodities director mark hamilton development director website www.hubculture.com alexa rank 311 788 april 2014 update 1 type of site social network service registration required available in english uk english us launched november 2002 hub culture is an invitation led social network service that operates the global digital currency ven and according to its website is the first to merge online and physical world environments . 2 it was founded in november 2002 . the hub culture group of companies is privately held with offices in bermuda hong kong london and new york with a network of 40 knowledge brokers in over 25 locations worldwide citation needed . as of february 2016 hub culture lists over 25 000 members and has exchanged over 500 million units of its virtual currency ven . 3 4 5 members create profiles with tags tied to areas of expertise and knowledge sharing information to help others in the network with business related activities . members may build working groups to manage collaborative projects with wikis file sharing discussions and event planning or exchange the virtual currency to acknowledge favors and benefits that come from the sharing of information . contents 1 currency 2 pavilions 3 hubid 4 references 5 external links currency edit ven is a global virtual currency used by members of hub culture to buy share and trade knowledge goods and services globally with anyone in the network and can be spent at any hub culture pavilion or used for micropayments on the internet at large . 6 the value of ven is determined on the financial markets from a basket of currencies commodities and carbon futures . it trades against other major currencies at floating exchange rates . global pricing for ven is provided by thomson reuters . 7 ven first appeared as an application in facebook on 4 july 2007 . in late 2008 the currency became tradeable to anyone with an email address making it the first global digital currency to move from an online social network into the real world . 8 in december 2009 hub culture began using ven as a micropayment system for the distribution of content produced by members in the network allowing users to charge access to individual articles or videos posted inside the network system . in may 2010 carbon pricing contracts were introduced to the weighted basket that determines the value of ven . the introduction of carbon to the calculation price of the currency made ven the first digital emissions reduction currency system . 9 an open api for ven arrived in january 2011 providing new forms of distribution and access to the currency for the web at large via a developer interface at venmoney.net . 10 in april 2011 the company announced the first commodity trade priced in ven for gold contracts between europe and south america . 11 on earth day 2011 the first carbon credit trade priced in ven was exchanged between nike and winrock with the london carbon market for brazilian aforestation . 12 in september 2011 thomson reuters became the independent calculating agent for ven making it the first digital currency to be tracked by the global financial markets with live market pricing appearing on over 500 000 financial data terminals worldwide . 13 in november 2011 hub culture announced the availability of diamonds investment grade wines and ven gold a retail gold product sold in individual 1 oz . 22 karat units . 14 pavilions edit in 2008 hub culture began rolling out pavilions member based workspaces in key cities that offer concierge and consulting services meeting space on an internet enabled technology platform . hub culture pavilions both temporary and permanent have appeared in cannes canc n copenhagen davos ibiza london los angeles new york city miami rio de janeiro sacramento and st. moritz . notable among these locations in december 2009 hub culture opened a pavilion in the heart of copenhagen to coincide with cop15 a beachfront location in canc n to coincide with cop16 2 4 15 and a guest house location in durban for cop17 . between 2010 and 2014 temporary pavilions opened in davos switzerland during the world economic forum annual meeting . hub maison arrived in new york city for new york fashion week in its first fashion oriented collaboration with sportmax . the new york pavilion became the first pavilion to offer contemporary retail fashion selections for sale in virtual currency . in may 2010 hub culture opened the cannes clubhouse a venue tied to the 63rd cannes film festival in collaboration with grey goose . a private island in croatia and bali villa project also use ven as a means of exchange . the 2011 davos pavilion made history with the first vehicles available for sale in ven with the all electric nissan leaf on offer . 16 in 2012 portions of the davos pavilion became the first in europe to be powered by zero emission energy from the nissan leaf using the leaf to home energy system . 17 hubid edit in january 2014 hub culture announced hubid new open source digital identity system based on mit media lab open source technology that extends data ownership around identity to the individual user . 18 references edit hubculture.com site info . alexa internet . retrieved 2014 04 01 . a b dryza kristina . 2009 06 03 . hub culture for those who see the world on a global basis . davidreport . retrieved 2009 07 28 . the dollar alternatives . cnn . 2010 07 21 . a b oppenheim leonora . 2009 05 12 . hub culture creates conscious collaboration innovation factory in london . treehugger . retrieved 2009 07 28 . roth daniel 2010 02 22 . the future of money it s flexible frictionless and almost free . wired.com . retrieved 6 march 2010 . jordan andy 2009 09 09 . wall street journal blog article about ven . blogs.wsj.com . retrieved 2012 02 07 . ven digital currency to be displayed on thomson reuters terminal network . finextra . retrieved 2012 02 07 . hub culture ven is hub culture s cool social currency . dgc magazine . 2009 07 14 . retrieved 2009 08 21 . hub ven global digital currency news . hubculture.com . 2010 07 05 . retrieved 2012 02 07 . ven by hub culture . venmoney.net . retrieved 2012 02 07 . virtual currency used for commodity trade . finextra . retrieved 2012 02 07 . american carbon registry offsets retired in first ven carbon transaction . blog.americancarbonregistry.org . retrieved 2012 02 07 . ven digital currency to be displayed on thomson reuters data network . finextra.com . retrieved 2012 02 07 . eric savitz 2011 11 23 . currency dollars aren t enough ; here comes the ven video . forbes . retrieved 2012 02 07 . global biz network with workspaces for members . 2009 06 02 . retrieved 2009 07 28 . video social networking at the world economic forum wsj.com . online.wsj.com . retrieved 2012 02 07 . renault nissan alliance electrifies the alps . wallstreet online.de . 2012 01 19 . retrieved 2012 02 07 . . the same year hub culture renovated a favela slum into a beach house in leblon rio de janeiro for the un rio 20 event and completed temporary pavilion projects in ho chi minh city and beijing . in 2014 the first hub culture camp opened at burning man in black rock city with an educational focus on animal rights . explaining hub culture and ven . idcubed.org . retrieved 2014 09 04 . external links edit wikimedia commons has media related to hub culture . official website huffington post news article wall street journal blog article about ven currency renegades and decentralized cash triplepundit on the hub culture 2010 zeitgeist ranking psfk the best cities on the planet v t e social networks and social media types city personal professional sexual value networks distributed social network list enterprise social networking mobile social network personal knowledge networking services list of social networking websites list of virtual communities with more than 1 million users list of virtual communities with more than 100 million active users concepts and theories assortative mixing interpersonal bridge organizational network analysis small world experiment social aspects of television social capital social data revolution social exchange theory social identity theory social network analysis social web structural endogamy models and processes aggregation change detection collaboration graph collaborative consumption giant global graph lateral communication social graph social network analysis software social networking potential social television structural cohesion economics collaborative finance social commerce phenomena community recognition complex contagion consequential strangers friend of a friend friendship paradox six degrees of separation social invisibility social network game social occultation tribe related topics researchers user 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