--- description: Find out why Together Labs was selected for the list title: TIME100 Most Influential Companies 2022: Together Labs image: https://static.time.com/v3/assets/bltea6093859af6183b/blt417b028947fb6764/698a302f16d88438b9c3a785/T100-Companies-D-Together-Labs.jpg?branch=production&width=3840&quality=75&auto=webp&crop=16:9 --- Mar 30, 2022 # Together Labs Metaverse money by [Julia Zorthian](/author/julia-zorthian/) ## Julia Zorthian Update your preferences in [Account Settings](/account/preferences/) Close  Together Lab's VCOIN. Together Lab's VCOIN.Together Labs Social platform IMVU has long been a big player in the [metaverse](https://time.com/6116826/what-is-the-metaverse/ "undefined") game, with 7 million monthly users. Last year, parent company Together Labs took things a step further with the launch of VCOIN, a blockchain-based cryptocurrency that users can spend within IMVU or convert to real-world money. VCOIN, the only active cryptocurrency for which the U.S. Securities and Exchange Commission has issued a no-action letter (giving it legal stability), creates the “building blocks” for other metaverses to establish their own future crypto­currencies, says Together Labs CEO Daren Tsui. _A weekly newsletter featuring conversations with the world’s top CEOs, managers, and founders._ [_Join the Leadership Brief_](https://cloud.newsletters.time.com/signup?nln=leadership&source=100companies "undefined"). Together Labs Is one of the 2022 TIME100 Most Influential Companies ```json [{"@context":"https://schema.org","@type":"Article","@id":"https://time.com/collections/time100-companies-2022/6159508/together-labs/","mainEntityOfPage":{"@type":"WebPage","@id":"https://time.com/collections/time100-companies-2022/6159508/together-labs/"},"headline":"Together Labs","datePublished":"2022-03-30T10:21:31.000Z","dateModified":"2026-03-03T00:01:09.314Z","description":"","url":"https://time.com/collections/time100-companies-2022/6159508/together-labs/","keywords":["metaverse","TIME100 Companies","sponsorshipblock"],"thumbnailUrl":"https://static.time.com/v3/assets/bltea6093859af6183b/blt417b028947fb6764/698a302f16d88438b9c3a785/T100-Companies-D-Together-Labs.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","author":[{"@type":"Person","name":"Julia Zorthian","jobTitle":null,"url":"https://time.com/author/julia-zorthian/"}],"creator":"Julia Zorthian","articleSection":"","image":[{"@type":"ImageObject","url":"https://static.time.com/v3/assets/bltea6093859af6183b/blt417b028947fb6764/698a302f16d88438b9c3a785/T100-Companies-D-Together-Labs.jpg?branch=production&width=1200&quality=75&auto=webp&crop=1200:675&height=675","width":1200,"height":675}],"publisher":{"@type":"Organization","name":"Time","url":"https://time.com/","logo":{"@type":"ImageObject","url":"https://time.com/images/logo.png","width":528,"height":156},"foundingDate":"March 3, 1923","sameAs":["https://www.facebook.com/time","https://www.instagram.com/time/?hl=en","https://twitter.com/time","https://www.pinterest.com/timemagazine"]}},{"@context":"https://schema.org","@type":"BreadcrumbList","itemListElement":[{"@type":"ListItem","position":1,"item":{"@id":"https://time.com/collections/time100-companies-2022/6159508/together-labs/","name":"Together Labs"}}]}] ```