Wired Head

Startup Watch: Weblo (A Social Network For Speculators)

It's official. The domainers have taken over the asylum. Next week, a new social network/ virtual world called Weblo will launch where members can buy digital real estate (including cities and states), manage celebrity fan pages, and own Weblo domains (that only exist within the social network). Each piece of real estate is tied to an actual property in the real world—Buckingham Palace, the Taj Mahal, your house.