Mingleverse is trying to consumerize the telepresence system. People want to reduce costs, travel and increase productivity while recognizing that global teams are the new unit of business. The existing social networking structures are not live and not very social. Mingleverse isn't trying to replace any of that, but rather augment it, making communication more immersive and engaging.
Mingleverse looks like an interesting option to replace systems like Webex and GoToMeetings. They claim to make the experience as real as being there. It is intergrated with existing social networking systems. Mingleverse also has a community payment system set up to facilitate fast payments during meeting events.
It was founded last year and co-founded by Ron Stevens and Len Layton.