Friday, November 14, 2008

Social Network Apps To Finally Monetize Within The Next Year

Today at OpenSocial’s first birthday event, a group of press, developers, and members of the OpenSocial team convened to discuss the future of the platform. Of the many topics discussed during the roundtable, perhaps the most pressing was the issue of monetization - many developers are simply unable to convert their users to a steady stream of revenue.

And while OpenSocial’s Director of Engineering David Glazer admitted that he didn’t know the answer, he predicted that within the next year we’ll see a standardized payment platform integrated into OpenSocial. And with that, we may start to see more of these applications transition into viable businesses.

More here

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